Deals - Licenses and Concessions | Offshore
Faroe Scores Four New North Sea Exploration Licenses
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Faroe Petroleum has been awarded four new prospective exploration licences, including two operatorships, under the 2016 Norwegian APA (Awards in Pre-defined Areas) Licence Round on the Norwegian Continental Shelf.
Norwegian North SeaThe Company has been awarded three new licences in the Norwegian North Sea area:
Licence PL740 B Brasse extension – Block 31/4 and 31/7: Faroe (50% and operator), Point Resources (50%): The possible northward extension of the Brasse Discovery on the eastern side of the Brage Field. The work programme is the same as the existing PL740 Brasse licence (Faroe 50%).
Licence PL870 Pabow – Blocks 25/6, 9, 26/7: Faroe (20%), Statoil (80% and operator). The Pabow Prospect is located on the edge of the Stord Basin, just East of the Shango licence (Faroe 20%). The main…
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