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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.

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

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 Core Energy 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

Edinburgh - PL660

The Edinburgh Prospect straddles the UK/Norway border in the Central Graben. Faroe is the operator for this licence. Read more

Area Equity Partners Blocks
North Sea (NO) 35% equity Maersk Oil Norway (25%)
Centrica Resources (Norge) AS (20%)
Petoro AS (20%)
1/6

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

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

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

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)

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

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

Rodriguez/Solberg - PL475 / PL475 D

This APA 2007 license PL475 is located on the Halten Terrace in the Norwegian Sea (NO) four kilometres north east of the Tyrihans Field and eight kilometres south east of the Maria discovery (made by Faroe in 2010). Read more

Area Equity Partners Blocks
Norwegian Sea (NO) 20% equity Wintershall Norge AS (35% and Operator)
Centrica Resources (Norge) AS (20%)
Moeco Oil & Gas Norge AS (15%)
Spike Exploration Holdings AS (10%)
6407/1

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

Samson Dome - PL534

This 20th Round licence is south of Faroe's PL611 Kvalross licence in the Barents Sea (NO). Read more

Area Equity Partners Blocks
Barents Sea (NO) 50% equity Wintershall Norge ASA (50%) 7224/7, 8 and 11

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

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