One-Page Deal Sheet
Faroe Petroleum to Acquire Remaining Interest in Lowlander Discovery
Faroe Petroleum Not Disclosed
Announced Date
November 14,2013
Transaction Type
Property
Asset/Basin:
{"Central North Sea","North Sea"}
TargetZones:
{"Piper Sand","Upper
Proved Reserves
Location
Region
Europe
Country
United Kingdom
Play
Production & Reserves Reserves
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, has announced that it has acquired the remaining 50 per cent interest in the Lowlander oil discovery in the UK Central North Sea, such that the Company will own the entire 100 per cent interest in the undeveloped oil field.
The Company has entered into an agreement with North Sea Ventures Limited to acquire its 50% interest in UK Licence P.324, block 14/20c containing the Lowlander oil discovery. This acquisition…
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