Spirit Energy has started drilling the Cassidy exploration well in the Norwegian sector of the North Sea within the Oda license.
Faroe Petroleum, a partner in the project with a 15 percent share, said on Wednesday that the well is being drilled back-to-back with the production wells on the Oda structure.
According to Faroe, the well will target a prospect in the same Jurassic Ula Formation as seen in the Oda Field. The co-venturers in the Oda PL405 license are Faroe (15%), Spirit Energy Norge (40% and operator), Suncor Energy Norge (30%) and Aker BP (15%).
The total expected vertical depth of the well is approximately 3,056 meters, in a water depth of 66 meters. The well is being drilled by the Mærsk Interceptor jack-up rig.
Graham Stewart , CEO, commented: “I am pleased to announce the spudding of the Cassidy exploration well situated within tie-back distance of the Oda field, which is on track for first oil in H1 2019. Cassidy offers high-value upside for the Oda field development as well as potential to unlock further exploration prospectivity to the north of the Oda field.”
“Faroe’s active exploration program has delivered two commercial discoveries out of three wells so far this year: Iris Hades in Norway (Faroe’s largest discovery to date); and Agar in the UK. The program is continuing over the coming period, with Cassidy and the Brasse East well currently drilling, a further two wells so far committed for drilling in H1 2019, and a steady flow of additional wells being prepared for drilling.”
In a separate statement on Wednesday, Faroe Petroleum agreed on a number of transactions with Equinor in the Norwegian Sea and the North Sea region of the Norwegian Continental Shelf (NCS)