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Norway

Faroe’s Norwegian portfolio extends from the shallower water region in the southern part of the Norwegian North Sea, across the Norwegian Sea and into the arctic region with our Barents Sea licences.

Århus - PL908

The Århus Prospect is located in the Åsta Graben, north of the Trym Field in the Central Graben where various targets in the Oligocene Vade Formation have been mapped. Read more

Area Equity Partners Blocks
North Sea 30% equity Equinor Energy AS (70% and operator) 9/11, 9/12, 10/10 and 10/11

Bauge - PL348 B

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) 7.5% equity Equinor Energy AS (35% and operator)
Neptune E&P Norge AS (10%)
Point Resources AS AS (17.5%)
DEA Norge AS (27.5%)
VNG Norge AS (2.5%)
6407/8, 9

Bergknapp - PL836 S

The BergknappProspect (formerly Yoshi) 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)
Spirit Energy Norge AS (30%)
6406/2, 3

Blue Libelle - PL926

The Blue Libelle is on the Tampen Spur on the north-western margin of the North Viking Graben. Read more

Area Equity Partners Blocks
North Sea 40% equity Faroe (40% and operator)
DNO (30%)
Concedo (30%)
33/9, 33/12 and 34/10

Brage - 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) 14.26% equity Wintershall Norge AS (35.2% and operator)
VNG Norge (4.44%)
Point Resources AS (12.26%)
Repsol Norge AS (33.84%)
30/6, 31/4, 31/7

Brasse - PL740/PL740 B/PL740 C

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, 31/7

Canela - PL888

The license is located on the Revfallet Fault Complex on the Halten Terrace. Read more

Area Equity Partners Blocks
Norwegian Sea (NO) 40% equity Faroe (40% and operator)
ConocoPhillips (30%)
Wellesley Petroleum (30%)
6507/7

Fenja (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) 7.5% equity Point Resources AS (45%)
VNG Norge AS (30% and operator)
Suncor (17.5%)
6406/11, 12

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) *15% equity Spirit Energy Norge AS (51.7% and operator)
PGNiG Upstream Norway AS (20%)
Dyas Norge AS* (13.3%)
6506/9 (part),12 (part)

Goanna - PL881

The Goanna Prospect is located on the Tampen Spur on the north-western margin of the North Viking Graben in the North Sea. Read more

Area Equity Partners Blocks
North Sea (NO) 30% equity Wellesley Petroleum (70% and operator) 33/9

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)
INEOS 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 Spirit Energy Norge AS (40% and operator)
Aker BP ASA (20%)
DNO Norge AS (20%)
7/9, 12, 8/7, 10

Iris and Hades - PL644/PL644 B

The Iris/Hades (Aerosmith) prospects are is located in the Halten Terrace, some 200 kilometres offshore in the Norwegian Sea and adjacent to the producing Morvin and Åsgard fields, operated by licence partner Equinor. Read more

Area Equity Partners Blocks
Norwegian Sea (NO) 20% equity OMV (Norge) AS (30% and operator)
Equinor Energy AS (40%*)
Spirit Energy Norge AS (10%*)
6506/8, 10, 11

Katie - PL810/PL810 B

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 Spirit Energy Norge AS (30%)
Aker BP ASA (30%)
2/1, 7/12, 8/10

Njord - 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) 7.5% equity Neptune E&P Norge AS (20%)
DEA Norge AS (50%)
Equinor Energy AS (20% and operator)
VNG Norge AS (2.5%)
6407/7, 10

Oda - PL405

The Oda field 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 seven 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 Spirit Energy Norge AS (40% and operator)
Suncor Energy Norge AS (30%)
Aker BP ASA (15%)
7/9, 12, 8/7, 8, 10, 11, 12

Oselvar - PL274/PL 274 CS

The Oselvar field is a satellite field, located 23 kilometres from the Ula production hub on the Norway/UK border. Read more

Area Equity Partners Blocks
North Sea (NO) 55% equity Faroe (55% and operator)
Cape Omega (45%)
1/3, 1/2

Pabow - PL870

The Pabow Prospect is located on the edge of the Stord Basin, just East of the Shango licence (Faroe 20%). Read more

Area Equity Partners Blocks
North Sea (NO) 20% equity Equinor Energy AS (80% and operator) 25/6, 9, 26/7

Portstewart - PL793

The Norwegian Sea (NO) exploration licence PL793 is located approximately 10 kilometres south east of the producing Equinor 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 AS (20%)
VNG Norge AS (10%)
Equinor Energy AS (10%)
6407/7, 8, 10, 11

Ringhorne East - PL169 E

The Ringhorne East Oil Field, operated by Point, 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 Point Resources AS (77.38% and operator)
Equinor Energy AS (14.82%)
25/8

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 Spirit Energy Norge AS (30%)
Lundin Norway AS (30%)
30/3, 6

Seychelles and 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 Spirit Energy Norge AS (40% and operator)
VNG Norge AS (20%)
Petoro AS (20%)
6306/4, 6306/5

Skræmetindan - PL906

The Skræmetindan Prospect is located on the Cod Terrace in the Central Graben. Read more

Area Equity Partners Blocks
North Sea 20% equity Aker BP ASA (40% and operator)
Total (20%)
Equinor Energy AS (20%)
7/11 and 7/12

South East Tor - PL006 C/PL006 D

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 Aker BP ASA (15%) 2/5

Tambar and Tambar East - PL065/PL065 B/PL300

The Tambar and Tambar East Unit Fields are satellite fields, approximately 16 kilometres to the southeast of the Ula field (Faroe 20%). The fields commenced production in 2001. Read more

Area Equity Partners Blocks
North Sea (NO) 45% and 37.8% equity Aker BP ASA (55% and operator) 1/3, 2/1

Trym - PL147

The Trym field is located in the southern Norwegian North Sea, close to the border with Denmark. Read more

Area Equity Partners Blocks
North Sea (NO) 50% equity Faroe (50% and operator)
Spirit Energy Norge AS (50%)
3/7

Ula - PL019/PL019 B

The Ula Field is located in the southern Norwegian section of North Sea and has seven producing wells and five water and gas injection wells in operation. Read more

Area Equity Partners Blocks
North Sea (NO) 20% equity Aker BP ASA (80% and operator) 7/12