Deal Insight
Faroe Petroleum acquire a 21.96% interest in the Blane oil field from Eni
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Report summary
On 26 October 2010, Faroe Petroleum agreed to acquire an 21.96% interest in the Blane UK field from Eni. The consideration for the deal is £60 million (US$95 million) and it also includes the farm-out of a 20% interest in Faroe Petroleum's Faroese Licences 012 and 017 and UKCS licence P1740, covering acreage which straddles the UK/Faroe border. The effective date of the deal is 1 July 2010. The deal is subject to regulatory approval and the resolution of pre-emption rights. ...
Table of contents
- Executive summary
-
Upstream assets
- Blane UK
- Deal analysis
-
Strategic rationale
- Faroe Petroleum's perspective
- Eni's perspective
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- Executive summary: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Upstream assets: Table 1
What's included
This report contains:
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