The well is located in PL477 in block 6506/11 on the Halten Terrace between the Smørbukk and Morvin oil fields.
Faroe said it is targeting the prolific Middle Jurassic Garn and Ile formations, which are the main producing reservoirs in these neighboring fields.
Drilling operation will be carried out by the West Alpha drilling rig by operator Centrica Resources, which holds a 40% interest in the well.
Faroe Petroleum chief executive Graham Stewart said the Cooper prospect provides significant resource potential and is in close proximity to a number of important discoveries made by the Company including Fogelberg and Maria.
"We also look forward to the commencement of the Faroe-operated Clapton exploration well in the Norwegian North Sea (Faroe 40% and operator), whilst drilling operations continue on the West of Shetland North Uist exploration well (Faroe 6.3%)."
Faroe holds a 30% stake in the Cooper project, while the other joint venture partner Suncor Energy holds 30% interest.
