Faroe is selling its interests in the Njord, Hyme and Bauge development to Equinor in return for interests in Alve, Marulk, Ringhorne East and Vilje. This adds 7-8 mboe/d production to Faroe to take overall FY19 production to 18-22 mboe/d.
05 Dec 2018
FLASH: Asset swap in Norway
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FLASH: Asset swap in Norway
Faroe Petroleum (FPM:LON) | 0 0 (-0.4%) | Mkt Cap: 371.0m
- Published:
05 Dec 2018 -
Author:
Stephane Foucaud -
Pages:
2
Faroe is selling its interests in the Njord, Hyme and Bauge development to Equinor in return for interests in Alve, Marulk, Ringhorne East and Vilje. This adds 7-8 mboe/d production to Faroe to take overall FY19 production to 18-22 mboe/d.