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Recommencement of production and infill programme at the Tambar Field, Norway

 

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, reports that production from the Tambar field in Norway (Faroe 45%) has recommenced, following the tragic accident on the Maersk Interceptor drilling rig on Thursday, 7 December 2017.

The Tambar infill and gas lift installation programme has also recommenced.  A full investigation into the accident on the Maersk Interceptor is being undertaken by the authorities and the Tambar operator (AkerBP).

With the resumption of all activities at Tambar, Faroe’s production guidance for the year remains unchanged at 13,000 to 15,000 boepd.

 

For further information please contact:
Faroe Petroleum plc
Graham Stewart, CEO
Tel: +44 (0) 1224 650 920

Stifel Nicolaus Europe Limited
Callum Stewart/Nicholas Rhodes/Ashton Clanfield
Tel: +44 (0) 20 7710 7600

BMO Capital Markets
Neil Haycock/Tom Rider/Jeremy Low
Tel: +44 (0) 207 236 1010

FTI Consulting
Edward Westropp/Emerson Clarke
Tel: +44 (0) 20 3727 1000