VNG Norge Finds Gas in Norwegian Sea

VNG Norge reported an oil and gas discovery near the Njord field in the Norwegian Sea, which is said to exceed expectations. 

 “We are very pleased to announce the results of this highly successful drill stem test on the Pil discovery, which considerably exceed expectations and significantly de-risk further prospectivity for this reservoir package in the licence. The Pil well builds substantially on Faroe’s discovered volumes located within tie-back distance of our Njord infrastructure. We look forward to the results of the two sidetracks and proving up further potential on this licence,” Graham Stewart, Chief Executive of Faroe Petroleum, commented in a note released on Thursday.

The field is in the production licence 586, which is operated by VNG Norge (30%). Partners are Spike Exploration (30 %), Faroe Petroleum Norge (25 %) and Rocksource Exploration Norway (15 %).

‘The well is the first exploration well in production licence 586. The licence was awarded in APA 2010. The well was drilled to a vertical depth of 3738 metres below sea level and terminated in the Melke formation in the Middle Jurassic. Water depth at the site is 324 metres,’ reads a press release published by the Norwegian Petroleum Directorate.