The Company has, through successive licence applications and acquisitions, built a substantial and diversified portfolio of exploration, appraisal, development and production assets in Norway, the UK and Ireland. Faroe Petroleum is an experienced licence operator having operated several exploration wells successfully in Norway and the UK and is also the production operator of the Schooner and Ketch gas fields in the UK Southern Gas Basin and the Trym and Oselvar fields in the Norwegian North Sea. Faroe also has extensive experience working with major and independent oil companies both in Norway and in the UK. The Company’s substantial licence portfolio provides a considerable spread of risk and reward. Faroe has an active E&A drilling programme and has interests in a portfolio of producing oil and gas fields in the UK and Norway, including the Schooner and Ketch gas fields and the Blane oil field in the UK, and interests in the Brage, Ringhorne East, Ula, Tambar, Oselvar and Trym fields in Norway. In December 2016 the Company completed the acquisition of a package of Norwegian producing assets from DONG Energy including interests in the Ula, Tambar, Oselvar and Trym fields. Full year average production for 2017, is estimated to be between 12,000-15,000 boepd. In November 2013 and March 2014 Faroe announced the Snilehorn and Pil discoveries in the Norwegian Sea in close proximity to the Njord and Hyme fields. More recently, in July 2016 the Company announced the Brasse discovery, next to the Brage field and the Njord North Flank discovery next to the Njord field, both in Norway. Faroe has a highly experienced technical team who are leaders in the areas of seismic and geological interpretation, reservoir engineering and field development, focused on creating exceptional value for its shareholders.
View Top Employees from Faroe PetroleumWebsite | https://www.faroe-petroleum.com |
Ticker | FPM |
Revenue | $206 million |
Employees | 66 (15 on RocketReach) |
Founded | 2002 |
Phone | +44 1224 650920 |
Fax | +44 1224 650921 |
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Industry | Oil & Energy, Electricity, Oil & Gas, Oil and Gas, Energy Exploration, Exploration, Energy, Utilities & Waste Treatment, Energy, Energy Production, Natural Resources |
Web Rank | 8 Million |
Keywords | Faroe Petroleum Dno, Faroe Oil, Færøy Petroleum, Faroe Dno, Brasse Faroe |
Competitors | Arsenal Energy Inc (AEI), Cairn Energy PLC, Gulf Keystone Petroleum, Ithaca Energy, Pure E&P Norway AS |
SIC | SIC Code 13 Companies, SIC Code 138 Companies |
NAICS | NAICS Code 221 Companies, NAICS Code 22 Companies, NAICS Code 21 Companies, NAICS Code 211 Companies |
Looking for a particular Faroe Petroleum employee's phone or email?
The Faroe Petroleum annual revenue was $206 million in 2023.
Nils Sørensen is the Managing Director Faroe Island and Greenland of Faroe Petroleum.
15 people are employed at Faroe Petroleum.
Faroe Petroleum is based in Aberdeen, Aberdeen City.
The NAICS codes for Faroe Petroleum are [221, 22, 21, 211].
The SIC codes for Faroe Petroleum are [13, 138].