Faroe Petroleum plc: Acquisition of Undeveloped Perth Oil Field, UK Central North Sea

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, is pleased to announce that it has acquired a 28% interest in each of UK licences P218 and P588 containing the undeveloped Perth oil field.
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Source: Offshore Magazine