Faroe Petroleum pre-qualifies as Greenland operator

Faroe Petroleum has pre-qualified as an operator for the Greenland 2010 Baffin Bay licensing round.

Offshore staff

ABERDEEN, UK -- Faroe Petroleum has pre-qualified as an operator for the Greenland 2010 Baffin Bay licensing round.

The licensing round covers the prospective northwest area of Greenland and is north of the Disko area. It comprises 14 license blocks covering a total area of 151,358 sq km (58,439 sq mi)

The US Geological Survey (USGS) estimates that undiscovered oil and gas areas offshore West Greenland could contain up to 18 Bboe.

11/25/2009

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