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Faroe Petroleum plc · Aberdeen United Kingdom (London: FPM)

24 Carden PlacePhone: +44-1224-650-920
AberdeenFax: +44-1224-650-921
AB10 1UQ
United KingdomMap Map This Company
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Faroe Petroleum plc Rankings

Company Description

Faroe Petroleum plans to parlay its access to the reserve-rich Atlantic margin region around the Faroe Islands west of the Shetland Islands, into major revenue growth. The company has expanded its interests to include exploration areas in the UK and Norwegian sectors of the North Sea, and the Barent Sea. In 2010 it had 40 exploration licenses in six producing fields. That year Faroe Petroleum reported production of 2,800 barrels of oil equivalent per day. The company works with oil majors (such as EniRWE, and Statoil) and other energy companies to locate, purchase, and develop its oil and gas properties. Faroe Petroleum has announced plans to drill up to about 20 wells between 2011 and 2013.

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Financials

Company TypePublic - London: FPM Headquarters
Fiscal Year-EndDecember
2010 Employees36
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Executives

8 executives listed for Faroe Petroleum plc's Aberdeen, United Kingdom location.

ChairmanJohn BentleyE-mail

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