Faroe Finalizes Acquisition of Blane Field

Faroe Petroleum has acquired an 18% interest in the Blane oil field from Eni UK Limited and Eni ULX Limited. The transaction is set to add about 1,900 barrels boepd to Faroe’s production.

Faroe reported that this transaction is in line with their strategy to grow and strengthen the production base towards funding their ongoing exploration program.

The Blane oil field is located on Block 30/3a on the Central Graben of the UK Continental Shelf. Joint venture partners in the field are Talisman Resources (43.0% and operator), Roc Oil (12.5%), Nippon Oil (14.0%) and Dana Petroleum (12.50%). 

continue reading the full article

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Product Line Manager
Expertise: Business Development
Location: US
 
General Manager - Reservoir Laboratories
Expertise: Business Development|Project Management|Sales & Marketing
Location: Houston, TX
 
Regional Sales Manager
Expertise: Business Development|Sales & Marketing|Technical Sales
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $53.31/BBL 0.13%
Light Crude Oil : $48.52/BBL 0.55%
Natural Gas : $2.77/MMBtu 4.15%
Updated in last 24 hours