Faroe bags two offshore UK licences

Faroe Petroleum has provisionally been awarded two new exploration licences on the UK Continental Shelf in the UK’s 28th Offshore Licensing Round.

Fynn – Blocks 15/11 & 15/16d – Faroe 25% 

Located in the Central North Sea, approximately six kilometres from the Faroe operated Lowlander Field, Fynn is a down-thrown prospect comprising Jurassic-aged Piper sandstones. The work programme comprises a contingent well and pre-stack-depth-migration (“PDSM”) processing. Well contingency is dependent on the successful outcome of the seismic processing.

The licence joint venture partners are Parkmead E&P Limited (25% and operator), with co-venturers Verus Petroleum SNS Limited (25%) and CalEnergy Gas Limited (25%).

Perth Field Extension – Block 14/25 – Faroe 34.62%

Block 14/25 is located immediately to the west of the undeveloped Perth Field into which the western edge of the Perth Field extends. The work programme comprises a drill or drop well and PSDM seismic processing.

The licence joint venture partners are DEO Petroleum U.K. Limited, a subsidiary of Parkmead (52.03% and operator) and Atlantic Petroleum UK Limited (13.35%).

Graham Stewart, Chief Executive of Faroe Petroleum, commented:

“I am pleased to report these new licence awards within the Central North Sea area of the UK.  Securing these two promising licences further extends our acreage position around the strategically important Perth/Dolphin/Lowlander development opportunity, in which Faroe holds a majority stake, and further diversifies our extensive exploration portfolio.”

Press Release

Share this article

Follow Offshore Energy Today

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply