The company is drilling the Fulla exploration well using the WilPhoenix semi-submersible drilling rig in a water depth of 120m.

The well, located to the north east of the producing Clair oil field, is targeting potentially oil-bearing Devonian Clair reservoir sands at a depth of 2,100m.

The objectives of the well are to prove a significant column of oil-bearing Devonian Clair reservoir sands on the Fulla structure and, in that event, to get an oil sample using advanced wire-line technology.

Faroe Petroleum is the operator of the well and holds a 50% interest in the Fulla exploration prospect.