One-Page Deal Sheet
Faroe Petroleum Acquires Interest in Foinaven From Marubeni
Faroe Petroleum Marubeni Corporation
Announced Date
August 09,2013
Close Date
August 09,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
23
Asset/Basin:
{"West of Shetland"}
Location
Calculated Metrics( EV/Category)
Country
United Kingdom
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, is pleased to announce that it has completed the previously announced acquisition of a 10% non‐operated interest in the BP‐operated East Foinaven oil field and a 0.5% interest in the West of Shetland Pipeline System, both from Marubeni Oil & Gas (North Sea) Limited.
The net consideration payable for the acquisition of the Interests, after adjusting for net income receivable by the Company from the sale of…