Faroe held an analyst trip on 18th and 19th of October in Norway. The Company unveiled production addition (+3.5-5.5 mboe/d) at Tambar well beyond our expectations. While the most likely tie-back development concept at Pil means that the field net production plateau is just 7 mboe/d versus 13.5 mboe/d previously, Brasse and Njord are expected to contribute 16 mboe/d by 2021; which is well above our expectations. Overall, we believe that the company’s existing assets could comfortably support c.4 ....
21 Oct 2016
Unveiling details on growth plans
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Unveiling details on growth plans
Faroe Petroleum (FPM:LON) | 0 0 (-0.4%) | Mkt Cap: 371.0m
- Published:
21 Oct 2016 -
Author:
Stephane Foucaud -
Pages:
10
Faroe held an analyst trip on 18th and 19th of October in Norway. The Company unveiled production addition (+3.5-5.5 mboe/d) at Tambar well beyond our expectations. While the most likely tie-back development concept at Pil means that the field net production plateau is just 7 mboe/d versus 13.5 mboe/d previously, Brasse and Njord are expected to contribute 16 mboe/d by 2021; which is well above our expectations. Overall, we believe that the company’s existing assets could comfortably support c.4 ....