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Faroe Petroleum acquire a 21.96% interest in the Blane oil field from Eni

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26 October 2010

Faroe Petroleum acquire a 21.96% interest in the Blane oil field from Eni

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

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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    Faroe Petroleum acquire a 21.96% interest in the Blane oil field from Eni

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