Tag: Faroe Petroleum

Faroe Petroleum in asset swap deal with Equinor

Faroe Petroleum in asset swap deal with Equinor

British firm Faroe Petroleum, which was subject to a hostile bid by DNO, has agreed a deal that will see it swap oil and gas assets with Norwegian state-owned company, Equinor. The non-cash deal will enhance Faroe’s output and cash flow while securing Equinor’s stakes in fields located in the […]

Faroe Petroleum confirms success of North Sea appraisal well

Faroe Petroleum confirms success of North Sea appraisal well

Faroe Petroleum has announced that their latest appraisal drill in the North Sea has been a success, with data confirming the presence of oil in a sand rich Jurassic reservoir of very good quality. The company’s Brasse well was targeting a seismic anomaly two kilometres to the south east of […]