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Group portfolio

The portfolio consists of over 60 exploration, appraisal, development and production licences in the West of Shetland, the North Sea, Norwegian Sea, Barents Sea and the Celtic Sea.

Aerosmith - PL644 / PL644 B

The Aerosmith lead is located approximately 20 kilometres from the Morvin and Smørbukk Fields in the prolific Halten Terrace hydrocarbon province of the Norwegian Sea (NO). Read more

Area Equity Partners Blocks
Norwegian Sea (NO) 20% equity OMV Norge AS (30% and operator)
Repsol Exploration Norge AS (20%)
Centrica Resources AS (20%)
Skagen44 AS (10%)
6506/8, 10 and 11

Bister - PL348 C

The Bister Prospect is located in the Norwegian Sea (NO) in Licence PL348 C which also contains the producing Hyme Field and the Snilehorn discovery which are adjacent to the producing Njord Field. Statoil Petroleum AS is the operator of both of these field and licence interests. Read more

Area Equity Partners Blocks
Norwegian Sea (NO) 7.5% equity Statoil (35%)
GDF Suez (15%)
E.ON (17.5%)
Core Energy (22.5%)
VNG Norge (2.5%)
6407/8

Blane Field - P111

The Blane Oil Field was discovered in 1989 and is located in the Central Graben (UK), extending into the Norwegian sector. Read more

Area Equity Partners Blocks
North Sea (UK) 30.5047% equity Talisman Energy Norge (18% and operator)
Talisman Sinopec (25.0012%)
JX Nippon E&P (13.9935%)
Dana Petroleum (12.5006%)
30/3a (Upper)

Brage Field - PL053 B / PL055 / PL055 B / PL055 D / PL185

The Brage Field is located east of Oseberg in the northern part of the North Sea (NO) and commenced production in 1993. Read more

Area Equity Partners Blocks
Norwegian Sea (NO) 14.25% equity Wintershall Norge AS (35.20% and operator)
VNG Norge (4.44%)
Core Energy AS (12.25%)
Talisman Energy Norge AS (33.84%)
30/6, 31/4 and 31/7

Brasse - PL740

The Brasse Prospect is located in the Upper Jurassic Sognefjord formation, south of the Brage Field on the possible migration route into Brage. Faroe is the operator for this licence. Read more

Area Equity Partners Blocks
North Sea (NO) 50% equity Point Resources AS (50%) 30/9 and 31/7

Butch - PL405

The Butch Main discovery is situated in approximately 65 metres water depth in the Southern North Sea (NO), close to significant existing infrastructure with the producing Ula, Tambar and Gyda Fields, approximately 7 kilometres to the west, 10 kilometres to the south west and 20 kilometres to the south respectively. Read more

Area Equity Partners Blocks
North Sea (NO) 15% equity Centrica Resources Norge AS (40% and operator)
Suncor Energy Norge AS (30%)
Tullow Oil Norge AS (15%)
7/9, 12, 8/7, 8. 10, 11 and 12

Dazzler - PL716

This Barents Sea (NO) licence was awarded under the 22nd Norwegian Licence Round and is situated in the Bjørnøy West area. Read more

Area Equity Partners Blocks
Barents Sea (NO) 20% equity Eni Norge AS (40% and operator)
Bayerngas Norge AS (20%)
Petoro AS (20%)
7318/11 and 12

East Foinaven Field - P803

The BP operated East Foinaven Field is located in the Atlantic Margin 190 kilometres west of Shetland. Read more

Area Equity Partners Blocks
West of Shetland (UK) 10% equity BP (43% and operator)
Marathon (47%)
204/24a and 25b

Edge - LO16/23

Licensing Option 16/23, which covers some 960 square kilometres in the Slyne/Erris Basin, is one of the second tranche of awards made under the 2015 Atlantic Margin Licensing Round. Read more

Area Equity Partners Blocks
Slyne / Erris Basin 100% equity None 19/7, 19/8 (Part), 19/11 (Part), 19/12 (Part), 19/16 (Part) and 19/17

Enoch Field - PL048 D

The Enoch Oil Field is located close to Glitne on the UK/Norway median line in the North Sea (NO). Read more

Area Equity Partners Blocks
North Sea (UK/NO median line) 13.86% equity Talisman Sinopec North Sea (24% and operator)
Talisman Sinopec LNS (1.2%)
Dana Petroleum (BVUK) (20.8%)
First Oil Expro (14%)
Endeavour Energy (UK) (8%)
Statoil Petroleum (11.78%)
Noreco Norway (4.36%)
Det Norske Oljeselskap (2%)
15/5

Fogelberg - PL433

Fogelberg is a Gas/Condensate discovery, located approximately 18 kilometres to the north of the producing Åsgard Field (Smørbukk deposit) in the Norwegian Sea (NO). Read more

Area Equity Partners Blocks
Norwegian Sea (NO) 25% equity Centrica Resources Norge AS (50% and operator)
E.ON Norge AS (25%)
6506/9 part and 12 part

Fynn - P2156

This central North Sea (UK) licence, located approximately six kilometres from the Faroe operated Lowlander Field, is a down-thrown Prospect comprising Jurassic-aged Piper sandstones. Read more

Area Equity Partners Blocks
North Sea (UK) 25% equity Parkmead E&P limited (25% and operator)
Verus Petroleum SNS Limited (25%)
CalEnergy Gas Limited (25%)
15/11 and 15/16d

Grønøy High - PL845

The Grønøy High licence sits in the northern part of the Norwegian Sea (NO), between the Træna Basin to the north and the Helgeland Basin to the south. Read more

Area Equity Partners Blocks
Norwegian Sea (NO) 20% equity ConocoPhillips (40% and operator)
Dong E&P Norge AS (20%)
Wintershall Norge AS (20%)
6609/4, 5, 6

Gullaxy - PL811

The Gullaxy Prospect is situated to the north of the Butch discovery in the Central Graben (NO). The Prospect is defined as Ula sandstones towards a salt high. Read more

Area Equity Partners Blocks
North Sea (NO) 20% equity Centrica (40% and operator)
Tullow Oil Norge AS (20%)
Origo Exploration Norway AS (20%)
7/9, 12, 8/7, 10

Hyme & Snilehorn Fields - PL348

The Hyme Field, located in the southern part of the Norwegian Sea (NO) was discovered in June 2009 and has been developed through a dual-lateral production well and a water injection well, drilled through a sub-sea template. Read more

Area Equity Partners Blocks
Norwegian Sea (NO) 7.50% equity Statoil Petroleum AS (35% and operator)
Core Energy AS (17.5%)
VNG Norge AS (2.5%)
E.ON Ruhrgas Norge AS (17.5%)
ENGIE E&P Norge AS (20%)
6407/8, 9

Jotun Field - PL103 B

The Jotun Field, operated by ExxonMobil, is located 25 kilometres north of Balder in the North Sea (NO) and commenced production in 1999. Read more

Area Equity Partners Blocks
North Sea (NO) 3% equity ExxonMobil Exploration & Production Norway AS (90% and operator)
Det Norske Oljeselskap ASA (7%)
25/7, 8

Katie - PL810

The Katie Prospect is located in the Central Graben (NO), between the Tambar and Gyda Fields to the south west, the Ula Field to the north and the Butch development to the east, in a core area for Faroe. Read more

Area Equity Partners Blocks
North Sea (NO) 40% equity Centrica (30%)
Wellesley Petroleum AS (30%)
2/1, 7/12, 8/10

Ketch Field - P453

The Ketch Gas Field is located in the Silver Pit Basin of the southern North Sea (UK) in water depth of approximately 54 metres; 28 kilometres south of the Caister and Murdoch Fields and 160 kilometres northeast of the Theddlethorpe Gas Terminal (TGT) on the Lincolnshire coast. Faroe is the operator for this licence. Read more

Area Equity Partners Blocks
North Sea (UK) 60% equity Tullow Oil UK Limited (40%) 44/28b

Kvalross - PL611

This licence was awarded under the 21st Norwegian Licence Round and is the Company’s second licence in the Barents Sea (NO). Read more

Area Equity Partners Blocks
Barents Sea (NO) 40% equity Wintershall Norge ASA (40% and operator)
Petoro AS (20%)
7223/3, 6, 7224/1, 2, 3, 4 and 5

Lowlander Field - P324

Lowlander was discovered in 1987 by the 14/20b-17 well (drilled by Texaco) and represents an Upper Jurassic Piper sand oil accumulation located in the central North Sea (UK), approximately 200 kilometres north east of Aberdeen. Faroe is the operator for this licence. Read more

Area Equity Partners Blocks
North Sea (UK) 100% equity 14/20c

Milagro - PL590 B

This licence was awarded in the 2010 APA rounds and is located to the north of the Solberg and Rodriguez discoveries in the Norwegian Sea (NO). Read more

Area Equity Partners Blocks
Norwegian Sea (NO) 30% equity North Energy (operator) 30%, Spike Energy 10% and Wintershall Norge ASA 30% 6507/7 (part), 6507/10 (part) and 6507/11 (part)

Minke Main - P611 / P454

The Minke Main Field is situated approximately 25 kilometres east of the producing Caister-Murdoch Gas Fields and 13 kilometres south west of the D15 platform in the Dutch sector. Read more

Area Equity Partners Blocks
North Sea (UK) 5.89% equity ENGIE (15.6% and operator)
Premier (42.7%)
INEOS (35.8%)
44/24a, 29b and 30

Njord Field - PL107 / PL107 C / PL132

The Njord Field is located in the Norwegian Sea (NO) close to Faroe’s exploration licences on the Halten Terrace. Read more

Area Equity Partners Blocks
Norwegian Sea (NO) 7.50% equity Statoil Petroleum AS (20% and operator)
VNG Norge AS (2.5%)
E.ON E&P Norge AS (30%)
ENGIE E&P Norge AS (40%)
6407/7, 10

North Celtic Sea (central) - LO14/1

Licensing Option 14/1 was awarded for a two year period with an effective date of 1st October 2014. 14/1 is located on the southern margin of the North Celtic Sea basin. Read more

Area Equity Partners Blocks
Celtic Sea (IR) 100% equity None 48/28, 29, 30, 49/26, 57/3, 4 & 5

North Celtic Sea (north east) - LO14/3

Licensing Option 14/3 was awarded for a two year period with an effective date of 1st October 2014. 14/3 is located on the southern margin of the North Celtic Sea basin. Read more

Area Equity Partners Blocks
Celtic Sea (IR) 100% equity None 50/10, 14, 16, 17 and Part Blocks 50/9, 11, 13 &18

North Celtic Sea (south west) - LO14/2

Licensing Option 14/2 was awarded to Faroe Petroleum for a two year period with an effective date of 1st October, 2014. 14/2 is located on the southern margin of the North Celtic Sea basin. Read more

Area Equity Partners Blocks
Celtic Sea (IR) 100% equity None 57/7, 11 and Part Blocks 57/6, 8, 9 & 12

Orca Field - P454 / P611

The Orca Gas Field was discovered in 1993. It is located in the UK Southern Gas Basin and is proved to extend into the Dutch sector. Read more

Area Equity Partners Blocks
Southern Gas Basin (UK) 3.24% equity GdF Netherlands (22.5% and operator)
EBN (22.5%)
E.ON (23.47%)
RWE (19.73%)
GdF UK (8.58%)
44/24, 44/29b and 44/30a

Perth Field - P218 / P588

The Perth Field is located 185 kilometres north east of Aberdeen. Neighbouring infrastructure includes the Tartan platform 7 kilometres to the north and the Scott platform 11 kilometres to the south east. Read more

Area Equity Partners Blocks
North Sea (UK) 34.62% equity Parkmead (through its subsidiary Deo Petroleum UK Limited) (52.03% and operator)
Atlantic Petroleum UK Limited (13.35%)
15/21c and 15/21b

Perth Field Extension - P2154

This Central North Sea licence is located immediately to the west of the undeveloped Perth Field into which the western edge of the Perth Field extends. Read more

Area Equity Partners Blocks
North Sea (UK) 34.62% equity DEO Petroleum U.K. Limited, a subsidiary of Parkmead (52.03% and operator)
Atlantic Petroleum UK Limited (13.35%)
14/25

Pil - PL586

The Norwegian Sea (NO) Pil discovery, first announced in March 2014, is located 33 kilometres south west of the Njord production facility (Faroe 7.5%). Read more

Area Equity Partners Blocks
Norwegian Sea (NO) 25% equity VNG Norge AS (operator and 30%)
Spike Exploration Holdings AS (30%)
Pure E&P Norway AS (15%)
6406/11, 12

Portrush - PL793

The Norwegian Sea (NO) exploration licence PL793 is located approximately 10 kilometres south east of the producing Statoil-operated Njord Field (Faroe 7.5%) and 20 kilometres west of the Shell-operated Draugen Field. Read more

Area Equity Partners Blocks
Norwegian Sea (NO) 20%% equity A/S Norske Shell (40% and operator)
Petoro (20%)
VNG (20%)
6407/7, 8, 10 and 11

Ringhorne East Field - PL169

The Ringhorne East Oil Field, operated by ExxonMobil, is located north east of Balder in the middle of the North Sea (NO) and commenced production in 2006. Read more

Area Equity Partners Blocks
North Sea (NO) 7.80% equity ExxonMobil Exploration & Production Norway AS (77.38% and operator)
Statoil Petroleum AS (14.82%)
25/8

Rosapenna - PL794

The Rosapenna Prospect is a direct analogue to the Boomerang Prospect and is located west of the Njord Field. Read more

Area Equity Partners Blocks
Norwegian Sea (NO) 20%% equity Statoil (40% and operator)
E.ON (20%)
VNG (20%)
6407/7 and 6407/10

Rungne - PL825

The Rungne Licence is located between the Oseberg Øst and Huldra Fields within the eastern part of the Rungne Sub-basin in the Viking Graben. Read more

Area Equity Partners Blocks
North Sea (NO) 40% equity Centrica (30%)
Fortis Petroleum Norge AS (30%)
30/3, 6

Schooner Field - P689 / P516

Schooner is located 34 kilometres south east of the Murdoch Field. Faroe is the operator for this licence. Read more

Area Equity Partners Blocks
North Sea (UK) 60% equity Tullow Oil SK Limited (40%) 44/26a and 43/30a

Seychelles & Maldives - PL749

The Seychelles and Maldives prospects are located on a structural nose on a down-faulted terrace from the Frøya High. Read more

Area Equity Partners Blocks
Norwegian Sea (NO) 20% equity Centrica (40% and operator)
VNG Norge AS (20%)
Petoro AS (20%)
6306/4 and 6306/5

Shango - PL627 / PL627 B

The PL627 licence is located close to the producing Skirne Middle Jurassic Condensate Field in the northern North Sea (NO). Read more

Area Equity Partners Blocks
North Sea (NO) 20% equity Total E&P Norge AS (40% & operator)
Centrica Resources Norge AS (20%)
Det Norske oljeselskap (20%)
25/5, 6, 8 and 9

Slynge - PL792

The Slynge area is located immediately to the south of the PL586 Pil licence with a structural setting analogous to the Pil discovery and Boomerang Prospect. Read more

Area Equity Partners Blocks
Norwegian Sea (NO) 50%% equity Centrica (50% and operator) 6306/2

South East Tor - PL006 C

The South East Tor licence is located in the southern North Sea (NO) near the producing Ekofisk, Valhall and Tor Fields which are potential tie back candidates. Read more

Area Equity Partners Blocks
North Sea (NO) 85% equity Noreco Norway AS (15%) 2/5

Topaz Field - P520

Topaz Gas Field is located fourteen kilometres south east of the producing Schooner Field in the southern North Sea (UK). Read more

Area Equity Partners Blocks
North Sea (UK) 7.50% equity RWE Dea UK SNS Limited (57.50% and operator)
Ithaca Energy (U.K.) Ltd (35.00%)
49/1a and 49/2a

Wissey Gas Field - P039

The Wissey Gas Field is east of the Tullow operated Horne and Wren platform in the southern North Sea (UK). Read more

Area Equity Partners Blocks
North Sea (UK) 18.75% equity Tullow (62.50% and operator)
First Oil (18.75%)
53/4D

Yoshi - PL836 S

The Yoshi Prospect sits on a partly eroded horst block located immediately to the south of the Smørbukk Sør Field, and is defined by a clear up-faulted/dip closed structure. Read more

Area Equity Partners Blocks
Norwegian Sea (NO) 30% equity Wintershall Norge AS (40% and operator)
Centrica Resources (30%)
6406/2, 3

Zircon - PL753

This licence is located in close proximity to the Njord Field and the PL348 licence (Hyme Field and Snilehorn discovery). Read more

Area Equity Partners Blocks
Norwegian Sea (NO) 30% equity VNG Norge AS (40% and operator)
Core Energy as (30%)
6407/7 and 6407/8