Amerada Hess secures approval to drill of Faeroes
  by: OilOnline
  Monday, September 24, 2001

The Faeroes Ministry of Petroleum approved Amerada Hess (Faeroes) Ltd.'s plans to drill the company's first exploratory well on the Faeroe Shelf. The oil company has chartered the semisubmersible Sovereign Explorer to drill the well. The rig is currently plugging a noncommercial well that the Statoil group spud earlier. The semi was expected to be handed over the Amerada Hess within a few days. Amerada Hess is operator of the Faeroes Partnership, which includes British Gas, Danish Oil & Gas and Atlantic Petroleum. The partnership holds License No. 001, which covers acreage southeast of the Faeroe Islands on the boundary with the United Kingdom. The well will be drilled in about 3,116 feet of water. The well is expected to take two to three months and will be the last well drilled on the Faeroe Shelf this year. The drillship West Navion is still drilling for BP on Faeroes License 004.