Faroe Petroleum spudded exploration well 30/6-30 targeting the Rungne prospect in PL 825 on 19 October 2018. The well is located between Oseberg, Veslefrikk and Huldra in the North Viking Graben and about 40 km northwest of Faroeâs 2016 Brasse discovery. 30/6-30 has made a non-commercial gas and condensate discovery. A gross 56 m (17 m net) gas and condensate column was proven in the Middle Jurassic Ness Formation. No hydrocarbon contact was penetrated and reservoir quality was good. In the primary Oseberg Formation target a gross reservoir thickness of 86 m was encountered but the reservoir was water-bearing. There was also 25 m of water-wet sandstone in the Etive Formation. Total estimated recoverable reserves are 12-75 Bcfg and 0.5-3.9 MMbc. TD was reached at 3,493 m in the Lower Jurassic Dunlin Group and on 18 November 2018 the well was abandoned.  PL 825 contains the 1982/3 Delta prospect exploration well 30/6-11 drilled by Norsk Hydro when the area was held under PL 053. This well also targeted the Brent Group and proved a 210 m section with 118 m of sandstone. Average porosity was 16%. Residual oil shows were recorded in the Brent Group, the Lower Jurassic Cook Formation and the Lower Jurassic Statfjord Formation and a DST was carried out in the Brent Group but there was no flow.   Faroe Petroleum Norge AS operates PL 825 with a 40% interest. Pending completion of two deals, Faroe will be partnered by Equinor Energy AS (30%), Spirit Energy Norge AS (20%), and DNO Norge AS (10%).
030/06-30 (Rungne) (Faroe 40% op. Equinor 30%, Spirit Egy. 20%, DNO 10%) in PL 825, minor g/cond disc. encountered only a water-bearing reservoir in the primary Oseberg Fm target, while hitting a 56m gross gas-condensate column with 17m of net pay in Middle Jurassic Ness Fm sst. 