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The appraisal well was drilled approximately 22 km north-east of the Heidrun field and 270 km north of Kristiansund. It is the third explorationwelldrilled in production licence 891, which was awarded during the Awards in Predefined Areas (APA) in 2016.
The initial results of the Fayoum 5 explorationwell located in North Alexandria, which is in the west of the Mediterranean, showed the presence of a gas-bearing layer, and electrical recordings are being made in the coming days.
A key advantage: many of these discoveries are located near existing infrastructure, allowing BP to tie back new wells quickly and cost-effectively. This shorter cycle time from drilling to production optimizes capital efficiency and improves returns.
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