FaroePetroleum Norge AS has been granted a drilling permit by the Norwegian Petroleum Directorate for well 31/7-3 S in production license 740 in the Norwegian Sea. The well will be drilled about 10 km south of Brage field using Transocean Ltd.’s Transocean Arctic semisubmersible drilling rig after it concludes drilling wildcat well 30/6-30 for Faroe Petroleum in PL 825.
This is the fifth well to be drilled in PL 740. The area in PL 740 consists of part of Blocks 31/7 and 30/9.
Faroe Petroleum serves as operator with 50%. Point Resources AS holds the other 50%.
