Faroe Petroleum plc · Aberdeen United Kingdom ·(London AIM: FPM)
Company Description
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This link will open in a new window Faroe Petroleum plans to parlay its access to the reserve-rich Atlantic margin region around the Faroe Islands into major revenue growth. The company has exploration licenses in the Faroes, in the UK west of the Shetland Islands, and in the UK sector of the North Sea. Its oil and gas assets include interests in the Clair, Foinaven, and Schiehallion fields, which collectively hold estimated reserves of 1.6 billion barrels of oil. Net reserves
attributable to Faroe Petroleum in respect of Minke Main in the Southern North Sea are estimated to be 2.6 billion cu. ft. of gas. The company works with oil majors to develop its oil and gas properties.
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attributable to Faroe Petroleum in respect of Minke Main in the Southern North Sea are estimated to be 2.6 billion cu. ft. of gas. The company works with oil majors to develop its oil and gas properties.
To read the full description, subscribe now.
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Key Faroe Petroleum plc Financials
| Company Type | Public - London AIM: FPM Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $3.3 |
| Employees | 6 |
Faroe Petroleum plc Executives
8 executives listed for Faroe Petroleum plc's Aberdeen, location.
| Title | Name & Bio | Contact |
| Chairman | John Bentley | Network |
| Chief Executive | Graham Stewart | Network |
| Finance Director | Roger Witts | Network |
Competition
Competitive Landscape for Faroe Petroleum plc
Demand for natural gas depends partly on the health of the US economy and partly on the price of crude oil, a competitive product. The profitability of natural gas companies depends largely on the efficiency of their operations. There are large economies of scale in the production, processing, and distribution of gas, but small companies can effectively compete with large ones in exploration, where technical ability is more important than size. To read the full description, subscribe now.Top Faroe Petroleum plc Competitors
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