DNO acquires part of Faroe Petroleum

04.04.2018 - 16:55
Aktuelt
DNO acquires part of Faroe Petroleum
Norwegian oil and gas operator DNO today acquired part of Faroe Petroleum for DKK 600 million
 
 

DNO now owns 15,37% of the shares of Faroe Petroleum after today’s acquisition, reports e24.no.

DNO, which holds stakes in onshore and offshore licenses in countries such as Britain, Norway and Iraq, is now expanding its operations in the North Sea.

The Norwegian company says that one of the reasons behind the acquisition is Faroe Petroleum’s exploration activities on Norway and Britain.

This morning, Faroe Petroleum and its partners announced significant gas and condensate discoveries in the Iris and Hades prospects in the North Sea.

“This could be one of the greatest quantities discovered in the North Sea in recent years,” Eldbjørg Vaage Melberg, of the Norwegian Petroleum Directorate, told Sysla Offshore.

Helge Hammer, COO of Faroe Petroleum in Norway, said: “Both discoveries are well in excess of pre-drill estimates, and this further strengthens our position in the North Sea.”

The Iris and the Hades licences are operated by OMV (30%) and Faroe Petroleum Norway (20%), with partners Statoil Petroleum (40%) and Spirit Energy (10%).

The well was drilled by the Deepsea Bergen semi-submersible drilling rig.

Nýggjastu sendingar í ÚV
Leygardag 21. juli
Morgunlestur leygardagin 21. juli 2018
82861
Leygardag 21. juli
Frítíð og náttúra (3:4)
83444
Fríggjadag 20. juli
Summartímin hósdagin 19. juli
83505
Nýggjastu sendingar í SV
Leygardag 14. juli
Video: Vestanstevna 2018, 10mf
83337
Leygardag 14. juli
Video: Vestanstevna 2018, 5mf kvinnur
83336
Leygardag 14. juli
Video: Vestanstevna 2018, 8mf
83335
Leygardag 14. juli
Video: Vestanstevna 2018, 6mf menn
83334