Drilling operations have started on the Tambar development project in the producing Tambar field in Norway (Faroe 45%).
This addresses uncertainty on the timing as to when the rig would arrive.
Tambar is expected to add 4 mboe/d net additional production to c. 2 mboe/d current production at Tambar by the beginning of 2018.
We are assuming that net production at Tambar would stand at 5 mboe/d in 2018.
We forecast Faroe’s production to stand at 16.5 mboe/d in 2018.
25 Oct 2017
FLASH: Drilling at Tambar commences
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FLASH: Drilling at Tambar commences
Faroe Petroleum (FPM:LON) | 0 0 (-0.4%) | Mkt Cap: 371.0m
- Published:
25 Oct 2017 -
Author:
Stephane Foucaud -
Pages:
2
Drilling operations have started on the Tambar development project in the producing Tambar field in Norway (Faroe 45%).
This addresses uncertainty on the timing as to when the rig would arrive.
Tambar is expected to add 4 mboe/d net additional production to c. 2 mboe/d current production at Tambar by the beginning of 2018.
We are assuming that net production at Tambar would stand at 5 mboe/d in 2018.
We forecast Faroe’s production to stand at 16.5 mboe/d in 2018.