Faroe Petroleum spuds Butch East exploration well

Faroe Petroleum, the independent oil and gas company in the Atlantic margin, the North Sea and Norway, announced the spudding of the Centrica-operated Butch East exploration well 8/10-5S (Faroe 15%), the first of two back-to back-wells in Licence PL405/PL405B.
Butch East, which is adjacent to the company’s 2011 Butch discovery, is situated in approx. 65m water depth in the Norwegian North Sea, close to significant existing infrastructure with the giant Ula, Tambar and Gyda fields.

The operator is currently working on a development plan for the Butch Main discovery, in parallel with drilling the Butch East and Butch South West wells. The Butch licence drilling operations are operated by Centrica (40%) using the Maersk Giant jack-up drilling rig, together with the other joint venture partners, Suncor Norge (30%) and Tullow Oil Norge (15%).

Graham Stewart, chief executive of Faroe Petroleum commented, “Butch East is the third well to spud in our near-term six well exploration programme. This exciting exploration campaign commenced with the significant Snilehorn discovery announced last month, and continues with the Novus well, currently drilling, close to the producing Heidrun oilfield. Following these wells, we also look forward to the drilling of the Solberg and Pil prospects, both in the Norwegian Sea.