Faroe Petroleum

Oil and GasScotland, United Kingdom51-200 Employees

Faroe Petroleum is an oil and gas company based in Aberdeen, Scotland, United Kingdom, with a workforce of 51–200 employees. Through licence applications and acquisitions, the company has built a diversified portfolio of exploration, appraisal, development and production assets across Norway, the UK and Ireland. It operates as a licence operator and serves as the production operator for the Schooner and Ketch gas fields in the UK Southern Gas Basin, as well as the Trym and Oselvar fields in the Norwegian North Sea. Faroe holds interests in a range of producing and prospective assets, including the Blane oil field in the UK and the Brage, Ringhorne East, Ula, Tambar, Oselvar and Trym fields in Norway, with discoveries such as Snilehorn, Pil, Brasse and Njord North Flank announced in recent years. The company relies on a highly experienced technical team in seismic/geological interpretation, reservoir engineering and field development, and completed a 2016 acquisition of Norwegian producing assets from DONG Energy (Ula, Tambar, Oselvar and Trym); 2017 full-year production was estimated at 12,000–15,000 boepd.

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