Aberdeen-headquartered Faroe Petroleum has started drilling the Brasse East exploration well off the coast of Norway.
The well is 50% owned and operated by Faroe, with the remaining stake held by point resources.
Brasse East is being drilled using the Transocean Arctic semi-submersible rig.
Results of the drilling programme will be announced upon its completion.
Chief executive Graham Stewart said: “I am pleased to announce the spudding of the Faroe-operated Brasse East exploration well which is immediately adjacent to the Faroe-operated Brasse field. Brasse East offers upside potential for the Brasse field development as well as potential to unlock additional exploration upside to the north east of the Brasse field.
“Faroe’s active exploration programme is continuing over the coming period, with the Cassidy well preparing for drilling later this year plus a further two wells committed for 1H 2019.”
It comes after Faroe suffered disappointment with its latest exploration well in Norway.
The firm announced earlier this month that no hydrocarbons were found at Rungne, which had been hoped to hold as much as 70million barrels of oil equivalent.
The Brasse field was discovered by Faroe in 2016.