Faroe Petroleum has announced that it has executed a transaction with Suncor Energy Norge AS (‘Suncor’) for the sale of a 17.5% working interest in the Fenja development located in PL586 in the Norwegian Sea. Faroe will receive cash of c$54.5m in exchange for the 17.5% stake.
12 Feb 2018
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Faroe Petroleum (FPM:LON) | 0 0 (-0.4%) | Mkt Cap: 371.0m
- Published:
12 Feb 2018 -
Author:
Jessica Saadat -
Pages:
3
Faroe Petroleum has announced that it has executed a transaction with Suncor Energy Norge AS (‘Suncor’) for the sale of a 17.5% working interest in the Fenja development located in PL586 in the Norwegian Sea. Faroe will receive cash of c$54.5m in exchange for the 17.5% stake.