Blink exploration well comes up dry, Faroe says

LONDON -- Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, has announced the results of the Blink exploration well in the Norwegian Sea (Faroe 25%).

The objective of well 6406/12-5 S was to test the hydrocarbon potential of the Upper Jurassic reservoirs analogous to the Pil, Bue, Boomerang and Draugen field reservoirs. The well encountered a 557-m gross section of Upper Jurassic sandstone following a technical sidetrack (6406/12-5 S T2).

The well reached a total vertical depth of 3,710 m below sea level and preliminary analysis from wireline logs, pressure and fluid sampling shows that the well encountered clean water-wet sandstones with good reservoir properties but with no indications of hydrocarbons.

The Blink well was drilled on the Halten Terrace, approximately 27 km southwest of Njord field and five km northeast of the Pil discovery well. Well 6406/12-5 S followed on directly from the Boomerang exploration well, which encountered a 26-m gross Upper Jurassic intra-Spekk/Rogn sandstone containing estimated recoverable resources of between 13 MMboe and 31 MMboe.

“Whilst the results of the Blink well, the last in this year’s campaign, are disappointing we look forward to advancing the options for monetizing the significant combined Pil, Bue and Boomerang discoveries, on which the Blink well result has no bearing,” Graham Stewart, chief executive of Faroe Petroleum, said.