Faroe takes chunk of Blane

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.

05/17/2011

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