Senergy has completed a report updating Faroe Petroleum’s reserves offshore Norway and the UK.
Offshore staff
ABERDEEN, UK – Senergy has completed a report updating Faroe Petroleum’s reserves offshore Norway and the UK.
As of Jan. 1, the company’s proved plus probable 2P reserves stand at an estimated 60.6 MMboe, an increase of 98% compared to the total of 30.6 MMboe this time last year.
The main reasons for the change are additions from theButch field in the North Sea and the Pil field in the Norwegian Sea. The Pil 2P reserves do not include the volumes associated with the nearby Bue and Boomerang discoveries, which are currently less mature technically.