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Ireland

Faroe Petroleum's Irish portfolio comprises three Licensing Options located on the southern margin of the North Celtic Sea basin lying in water depths of between 80 and 110 metres.  Together these licences cover an area of 3,458km² and are all situated within 75km of the south coast of Ireland.

Corrib East - LO16/23

Licensing Option 16/23, which covers some 960 square kilometres in the Slyne/Erris Basin, was awarded to Faroe (100%) in 2016 as part of the second tranche of awards made under the 2015 Atlantic Margin Licensing Round. Read more

Area Equity Partners Blocks
Slyne / Erris Basin 20% equity Nexen Petroleum UK Ltd (80% and operator) 19/7, 19/8 (Part), 19/11 (Part), 19/12 (Part), 19/16 (Part) and 19/17

North Celtic Sea (central) - LO17/2

Licensing Option 14/1 was awarded in June 2017 for an eighteen month period. 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 (south west) - LO17/1

Licensing Option 17/1 was awarded to Faroe Petroleum in June 2017 for an eighteen month period. 17/1 is located on the southern margin of the North Celtic Sea basin. Read more

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