Menu

Group portfolio

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

Agar/Plantain - P1763

The Plantain exploration prospect will be drilled first followed by a contingent side-track to appraise the Agar oil discovery. Read more

Area Equity Partners Blocks
South Viking Graben 25% equity Azinor Catalyst (25% and operator)
Cairn Energy (50%)*
9/9d, 9/14a

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 and Hyme - PL348/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 (12.5%)
Point Resources AS AS (17.5%)
DEA Norge AS (27.5%)
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

Blane - 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) 44.4982% equity Repsol Norge AS (18% and operator)
Repsol Sinopec Resources UK Ltd (25.0012%)
Dana Petroleum (12.5006%)
30/3a (Upper)

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)
Neptune (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

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), 19/17

East Foinaven - 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 Exploration (40% and operator)
Marathon Oil UK Ltd (50%)
204/24a, 25b

Edinburgh - P2401

The Edinburgh prospect straddles the UK/Norway border in the Central North Sea, at the south eastern end of the prolific Josephine Ridge area, south of the producing Blane field (Faroe 44.5%) and adjacent to the producing Flyndre/Cawdor fields operated by Maersk. Read more

Area Equity Partners Blocks
Central North Sea 100% equity Faroe (100% and operator) 30/14b

Enoch - PL048 D/P219

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 Repsol Sinopec North Sea (24% and operator)
Repsol Sinopec LNS (1.2%)
Dana Petroleum (BVUK) (20.8%)
First Oil Expro (in administration) (14%)
Endeavour Energy (UK) (8%)
Equinor Energy AS (11.78%)
CapeOmega AS (4.36%)
Aker BP ASA (2%)
15/5

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%)
Neptune (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

Ketch - 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

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 (22.5%)
DEA Norge AS (50%)
Equinor Energy AS (20% and operator)
6407/7, 10

North Celtic Sea (central) - LO17/2

Licensing Option 14/1 was awarded in June 2017 for an 18 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 18 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, 57/6(part), 8(part), 9(part), 12(part)

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 Equinor Energy AS (50% and operator)
Petoro AS (20%)
Neptune (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 (20%)
Equinor Energy AS (30%)
DNO Norge AS (10%)
30/3, 6

Schooner - 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, 43/30a

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)
Neptune (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 located in the Norwegian North Sea (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