The well encountered net oil pay of about 50m in the Upper Jurassic reservoir of the Ula formation.
According to the company, the well has encountered a light oil in good quality reservoir sands with a very high net to gross ratio.
The entire reservoir section was found to be oil bearing and an oil water contact was not penetrated.
The joint venture partners have decided to proceed immediately to drill a down-dip side-track well to appraise for additional volumes of oil further down on the large salt induced structure in accordance with the success case contingency plan.
Faroe holds a 15% interest in the licence which is operated by Centrica with a 40% interest.
Suncor Norge and Spring Energy Norway hold 30% and 15% interests in the licence, respectively.
