Faroe Petroleum has completed acquisition from ENI UK and ENI ULX of an 18% interest in the Blane oil field in the North Sea.
Offshore staff
ABERDEEN, UK -- Faroe Petroleum has completed acquisition from ENI UK and ENI ULX of an 18% interest in the Blane oil field in the North Sea.
Graham Stewart, CEO of Faroe Petroleum, said the transaction would add 1,900 boe/d to the company’s production, and followed its strategy of strengthening its production base to help fund its exploration program.
