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Faraday firms up
 GDF Suez has confirmed a major new North Sea High Pressure and High Temperature find on the Faraday gas field.
After drilling the Central North Sea 30/1a-11 Faraday exploration well, the French operator says the well has been successfully drilled and will now be completed and abandoned as a gas-condensate discovery after reaching a total depth of 5,598 metres or 18,362 feet.
Company executives are already considering further appraisal drilling to follow up the find after the well was drilled with the Transocean GSF Galaxy II jackup.
But it has been one of the longest-running wells drilled in the North Sea: GdF spudded the well back on 31 July last year and the well was completed on 15 January this year.
No details of any testing programme were indicated by the company, which was partnered on the P1818 licence covering block 30/1a well by Maersk Oil, RWE Dea, and JX Nippon Exploration and Production,.
The discovery follows on from a previous HPHT find made by GdF on the Tesla prospect drilled in the Central North Sea in 2009, for which it won a Rushmore Reviews best in class accolade.
Jean-Claude Perdigues, managing director of GdF Suez E&P UK underlined the difficulty in drilling the well and said his company is now building up experience in HP/HT drilling in the North Sea, adding: “I would like to congratulate all those involved for delivering a safe and efficient outcome in this most challenging of ultra-high pressure and high temperature drilling environments.”
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Aker group grows value Norwegian industrial group Aker ASA says it value rose 16% in the first quarter to NOK 22.5 billion (US $3.74 bn) as its investments – mainly in oil and gas operations rose in value.
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