Statoil and ExxonMobil together on the Faroes

Statoil and ExxonMobil have agreed to explore three Faroese offshore licenses jointly.
ExxonMobil Exploration & Production Faroe Islands Limited will acquire 50% interest in Licenses 009 and 011 and 49% interest in License 006, where Atlantic Petroleum is a minority owner with 1% interest. Statoil Faroes AS will retain 50% interest and operatorship in all three licences.
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Source: Your Oil & Gas News