Faroe Petroleum plc (FPM) - Oil & Gas - Deals and Alliances Profile

 Published On: Aug, 2017 |    No of Pages: 131 |  Published By: GlobalData | Format: PDF
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Summary

Faroe Petroleum plc (Faroe Petroleum) is an oil and gas company that concentrates on exploration, appraisal, development and production opportunities. The company has its exploration and development assets in the UK Atlantic margin, Southern part of Norwegian Sea, Norwegian North Sea, Barents Sea and offshore Iceland. Its operations portfolio consists of 60 exploration, appraisal, development and production licences in the West of Shetland, the North Sea, Norwegian Sea, Barents Sea and the Celtic Sea. The company operates through its offices located in London, England and has subsidiaries in Norway and the UK. Faroe Petroleum is headquartered in Aberdeen, the UK.

Faroe Petroleum plc (FPM) - Oil & Gas - Deals and Alliances Profile provides you comprehensive data and trend analysis of the company's Mergers and Acquisitions (M&As), partnerships and financings. The report provides detailed information on Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnership transactions recorded by the company over a five year period. The report offers detailed comparative data on the number of deals and their value categorized into deal types, sub-sector and regions.

GlobalData derived the data presented in this report from proprietary in-house Oil & Gas eTrack deals database, and primary and secondary research.

Scope

- Financial Deals - Analysis of the company's financial deals including Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnerships.
- Deals by Year - Chart and table displaying information encompassing the number of deals and value reported by the company by year, for a five year period.
- Deals by Type - Chart and table depicting information including the number of deals and value reported by the company by type such as Mergers and Acquisitions, Equity/Debt Offering etc.
- Deals by Region - Chart and table presenting information on the number of deals and value reported by the company by region, which includes North America, Europe, Asia Pacific, the Middle East and Africa and South and Central America.
- Deals by Sub-sector - Chart and table showing information on the number of deals and value reported by the company, by sub-sector.
- Major Deals - Information on the company's major financial deals. Each such deal has a brief summary, deal type, deal rationale; and deal financials and target Company's (major public companies) key financial metrics and ratios.
- Business Description - A brief description of the company's operations.
- Key Employees - A list of the key executives of the company.
- Important Locations and Subsidiaries - A list and contact details of key centers of operation and subsidiaries of the company.
- Key Competitors - A list of the key competitors of the company.
- Key Recent Developments - A brief on recent news about the company.

Reasons to Buy

Get detailed information on the company's financial deals that enable you to understand the company's expansion/divestiture and fund requirements
- The profile enables you to analyze the company's financial deals by region, by year, by business segments and by type, for a five year period.

Understand the company's business segments' expansion / divestiture strategy
- The profile presents deals from the company's core business segments' perspective to help you understand its corporate strategy.

Access elaborate information on the company's recent financial deals that enable you to understand the key deals which have shaped the company
- Detailed information on major recent deals includes a summary of each deal, deal type, deal rationale, deal financials and Target Company's key financial metrics and ratios.

Equip yourself with detailed information about the company's operations to identify potential customers and suppliers.
- The profile analyzes the company's business structure, locations and subsidiaries, key executives and key competitors.

Stay up-to-date on the major developments affecting the company
- Recent developments concerning the company presented in the profile help you track important events.

Gain key insights into the company for academic or business research
- Key elements such as break up of deals into categories and information on detailed major deals are incorporated into the profile to assist your academic or business research needs.

Note*: Some sections may be missing if data is unavailable for the company.

Table of Contents
Table of Contents 3
List of Tables 6
List of Figures 6
Faroe Petroleum plc, Oil & Gas, Deals By Year, 2011 to YTD 2017 8
Faroe Petroleum plc, Oil & Gas Deals By Type, 2011 to YTD 2017 9
Faroe Petroleum plc, Oil & Gas, Deals By Region, 2011 to YTD 2017 10
Faroe Petroleum plc, Oil & Gas, Deals By Sector, 2011 to YTD 2017 11
Faroe Petroleum plc, Oil & Gas, Deals Summary, 2011 to YTD 2017 12
Faroe Petroleum plc, Oil & Gas, Deal Details 14
Asset Purchase 14
Faroe Petroleum To Acquire Additional 17.07% Stake In License P111, UK North Sea, From JX Nippon For US$5.3 Million 14
Faroe Petroleum Completes Acquisition Of Oil And Gas Assets, Offshore Norway From Dong E&P Norge For US$70.2 Million 16
Faroe Petroleum Acquires Additional 75% Interest In PL006C In Norwegian North Sea From Lundin Petroleum 18
Faroe Petroleum Completes Acquisition Of 53.1% Interest In Schooner Field And 60% Interest In Ketch Field In UK Southern North Sea Gas Basin From Tullow Oil 19
Faroe Petroleum Acquires Remaining 50% Interest In Lowlander Oil Discovery In UK Central North Sea From North Sea Ventures 20
Faroe Petroleum Completes Acquisition Of 10% Interest In East Foinaven Field And 0.5% Interest In Pipeline System From Marubeni Oil For US$22.5 Million 21
Faroe Petroleum Acquires 25% Interest In Pil Prospect In Norwegian Sea From VNG Norge 22
Faroe Petroleum Acquires 50% Interest In Lowlander Oil Discovery In UK Central North Sea From Talisman Sinopec 23
Faroe Petroleum Plans To Acquire Oil And Gas Assets In UK North Sea 24
Faroe Petroleum Acquires 12.5% Interest In PL 531 Offshore Norway From Talisman Energy Norge 25
DEO Petroleum, Faroe Petroleum, Maersk Oil And Atlantic Petroleum Completes Acquisition Of 30% Interest In Block 15/21g In North Sea, In A Swap Transaction 26
Faroe Petroleum Acquires Interests In Njord, Brage And Ringhorne East Production Assets In Norway From Petoro 28
Faroe Petroleum Acquires 18% Interest In Blane Oil Field For US$94.4 Million 30
Faroe Petroleum Acquires 28% Interest In Two UK Offshore Licenses P218 And P588 32
Equity Offering 33
Faroe Petroleum Completes Private Placement Of Shares For US$4.7 Million 33
Faroe Petroleum Completes Public Offering Of Shares For US$0.75 Million 34
Faroe Petroleum Completes Private Placement Of Shares For US$81.6 Million 35
Faroe Petroleum Completes Private Placement Of Shares For US$109 Million 36
Faroe Petroleum Raises US$0.02 Million Upon Exercise Of Options 38
Asset Transactions 39
Total Completes Acquisition Of 10% Interest In Glenlivet Gas Field From Faroe Petroleum For US$16.3 Million 39
Oyster Petroleum To Acquire 25% Interest In License P1948 In UK Central North Sea 40
Spike Exploration Completes Acquisition Of 15% Interest In License PL645 And 10% Interest In License PL475, Norwegian Sea From Faroe Petroleum Norge 41
Concedo Completes Acquisition Of 5% Interest In License PL645 In Norwegian North Sea From Faroe Petroleum 42
EnCore Oil, Nautical Petroleum And Serica Energy Completes Acquisition Of 70% Interest In Block 15/21a In North Sea In A Swap Transaction 43
Petoro Acquires 30% Interest In Maria Discovery In Swap Deal With Faroe Petroleum 45
Canadian Overseas Petroleum Completes Farm-In Agreement With Faroe Petroleum 46
Acquisition 47
Delek Group Acquires 13.18% Stake In Faroe Petroleum From Dana Petroleum For US$52.9 Million 47
Faroe Petroleum Completes Acquisition Of Roc Oil (GB Holdings) From Roc Oil For Up To US$16.7 Million 49
Faroe Petroleum plc - Key Competitors 50
Faroe Petroleum plc - Key Employees 51
Faroe Petroleum plc - Locations And Subsidiaries 52
Head Office 52
Other Locations & Subsidiaries 52
Recent Developments 53
License Awards 53
Jan 18, 2017: Faroe Petroleum: Four New Exploration Licences Awarded In Norway 53
Jul 07, 2016: Faroe Petroleum: Award Of New Licence In Irish Atlantic Margin 55
Jun 03, 2016: Government Of Ireland: 2015 Atlantic Margin Oil And Gas Exploration Licensing Round - Phase 2 Awards 56
Jun 03, 2016: Europa Oil & Gas: Offer Of New Offshore Ireland Licensing Options 57
Recent Discoveries 59
Mar 15, 2017: Faroe Petroleum: Bone Exploration Well Results 59
Oct 17, 2016: Faroe: Oil And Gas Discovery At The Njord North Flank Exploration Well And Side-Track 60
Jun 16, 2016: Faroe: Oil And Gas Discovery At The Brasse Exploration Well And Njord Facility Update 61
Drilling and Production Updates 62
Feb 24, 2016: Faroe Petroleum Announces Results Of Kvalross Exploration Well 62
Jan 12, 2016: Faroe Petroleum: Kvalross Exploration Well Commences Drilling Campaign In The Norwegian Barents Sea 63
Financial Announcements 64
Jun 20, 2017: Faroe Petroleum Provides 2017 Annual General Meeting Operational Update 64
Mar 21, 2017: Faroe Petroleum Announces Final Results For The Year Ended 31 December 2016 68
Sep 20, 2016: Faroe Petroleum Provides Unaudited Interim Results For The Six Months Ended 30 June 2016 77
Mar 29, 2016: Faroe Petroleum Provides Final Results For The Year Ended 31 December 2015 85
Other Significant Developments 94
Jul 18, 2017: Faroe Petroleum: Successful Brasse Sidetrack Well Results 94
Jul 03, 2017: Faroe Petroleum: Brasse Appraisal Well Drill Stem Test Results 96
Jun 21, 2017: Faroe Petroleum: Statoil Press Announcement Regarding Plans For Development And Operation Of Njord And Bauge 97
Jun 13, 2017: Faroe Petroleum Announces Brasse Appraisal Well Preliminary Results And Commitment To Drill Stem Test 99
May 25, 2017: Faroe Petroleum Announces Brasse Appraisal Well Commences Drilling In Norwegian North Sea 100
Mar 30, 2017: Aker BP, Faroe Approve Tambar- Re-Development 101
Mar 28, 2017: DEA Commits To Njord Upgrade 102
Mar 23, 2017: Faroe Petroleum Extension Of Trym Field Production 104
Mar 15, 2017: Faroe Petroleum Provides Bone Exploration Well Results 105
Feb 10, 2017: Faroe Petroleum Provides Update On Operations And Guidance For 2017 106
Jan 12, 2017: Faroe Petroleum Bone (Dazzler) Exploration Well Commences And Brasse Appraisal Well Added To 2017 Drilling Programme 109
Dec 20, 2016: Faroe Petroleum: New Banking Facilities Secured 111
Nov 30, 2016: Faroe Petroleum: Oda Field Development Plan Submission 112
Nov 30, 2016: NPD: Processing Development Plan For The Oda Discovery 113
Nov 04, 2016: Faroe Petroleum Njord Facilities Selected As Preferred Concept For Pil & Bue Development In Norway 114
Oct 19, 2016: Faroe: Sell-Side Analyst Site Visit To Norway 115
Aug 16, 2016: Faroe Petroleum begins drilling at Njord North Flank-2 exploration well in Norwegian Sea 116
Jul 11, 2016: Faroe Petroleum: Brasse Oil And Gas Discovery - Successful Side-Track Appraisal And Volume Estimate 117
Jun 16, 2016: Faroe Petroleum makes oil and gas discovery at Brasse exploration well in North Sea 118
May 24, 2016: Faroe Petroleum begins Brasse exploration well drilling in Norwegian North Sea 119
Feb 05, 2016: Faroe Petroleum Provides Operational Update 120
Jan 06, 2016: Faroe Petroleum Updated Independent Technical Report 122
New Contracts Announcements 123
Jun 09, 2017: Odfjell Drilling Signs Contract For Well With Wellesley Petroleum 123
May 10, 2017: Faroe Petroleum Provides Update On Brasse Appraisal Well 31/7-2S Consent 124
Apr 04, 2017: CHC Announces New Contract With Faroe Petroleum 125
Apr 03, 2017: ODL - Deepsea Bergen Receives A Letter Of Intent For A One Well Contract 126
Mar 17, 2017: Statoil Awards Njord Contract 127
Mar 15, 2017: Odfjell Drilling: Deepsea Bergen Receives A Letter Of Intent For A One Well Contract 128
Mar 02, 2016: Subsea 7 Awarded Contract Offshore UK 129
Feb 16, 2016: Eidesvik: New Contract Award For Eidesvik's Flagship Viking Neptun 130
Appendix 131
Methodology 131
About GlobalData 131
Contact Us 131
Disclaimer 131

List of Tables
Faroe Petroleum plc, Oil & Gas, Key Facts, 2016 2
Faroe Petroleum plc, Oil & Gas, Deals Summary, 2011 to YTD 2017 2
Faroe Petroleum plc, Oil & Gas, Deals By Year, 2011 to YTD 2017 8
Faroe Petroleum plc, Oil & Gas Deals By Type, 2011 to YTD 2017 9
Faroe Petroleum plc, Oil & Gas, Deals By Region, 2011 to YTD 2017 10
Faroe Petroleum plc, Deals By Sector, 2011 to YTD 2017 11
Faroe Petroleum plc, Oil & Gas, Deals Summary, 2011 to YTD 2017 12
Faroe Petroleum To Acquire Additional 17.07% Stake In License P111, UK North Sea, From JX Nippon For US$5.3 Million 14
Faroe Petroleum Completes Acquisition Of Oil And Gas Assets, Offshore Norway From Dong E&P Norge For US$70.2 Million 16
Faroe Petroleum Acquires Additional 75% Interest In PL006C In Norwegian North Sea From Lundin Petroleum 18
Faroe Petroleum Completes Acquisition Of 53.1% Interest In Schooner Field And 60% Interest In Ketch Field In UK Southern North Sea Gas Basin From Tullow Oil 19
Faroe Petroleum Acquires Remaining 50% Interest In Lowlander Oil Discovery In UK Central North Sea From North Sea Ventures 20
Faroe Petroleum Completes Acquisition Of 10% Interest In East Foinaven Field And 0.5% Interest In Pipeline System From Marubeni Oil For US$22.5 Million 21
Faroe Petroleum Acquires 25% Interest In Pil Prospect In Norwegian Sea From VNG Norge 22
Faroe Petroleum Acquires 50% Interest In Lowlander Oil Discovery In UK Central North Sea From Talisman Sinopec 23
Faroe Petroleum Plans To Acquire Oil And Gas Assets In UK North Sea 24
Faroe Petroleum Acquires 12.5% Interest In PL 531 Offshore Norway From Talisman Energy Norge 25
DEO Petroleum, Faroe Petroleum, Maersk Oil And Atlantic Petroleum Completes Acquisition Of 30% Interest In Block 15/21g In North Sea, In A Swap Transaction 26
Faroe Petroleum Acquires Interests In Njord, Brage And Ringhorne East Production Assets In Norway From Petoro 28
Faroe Petroleum Acquires 18% Interest In Blane Oil Field For US$94.4 Million 30
Faroe Petroleum Acquires 28% Interest In Two UK Offshore Licenses P218 And P588 32
Faroe Petroleum Completes Private Placement Of Shares For US$4.7 Million 33
Faroe Petroleum Completes Public Offering Of Shares For US$0.75 Million 34
Faroe Petroleum Completes Private Placement Of Shares For US$81.6 Million 35
Faroe Petroleum Completes Private Placement Of Shares For US$109 Million 36
Faroe Petroleum Raises US$0.02 Million Upon Exercise Of Options 38
Total Completes Acquisition Of 10% Interest In Glenlivet Gas Field From Faroe Petroleum For US$16.3 Million 39
Oyster Petroleum To Acquire 25% Interest In License P1948 In UK Central North Sea 40
Spike Exploration Completes Acquisition Of 15% Interest In License PL645 And 10% Interest In License PL475, Norwegian Sea From Faroe Petroleum Norge 41
Concedo Completes Acquisition Of 5% Interest In License PL645 In Norwegian North Sea From Faroe Petroleum 42
EnCore Oil, Nautical Petroleum And Serica Energy Completes Acquisition Of 70% Interest In Block 15/21a In North Sea In A Swap Transaction 43
Petoro Acquires 30% Interest In Maria Discovery In Swap Deal With Faroe Petroleum 45
Canadian Overseas Petroleum Completes Farm-In Agreement With Faroe Petroleum 46
Delek Group Acquires 13.18% Stake In Faroe Petroleum From Dana Petroleum For US$52.9 Million 47
Faroe Petroleum Completes Acquisition Of Roc Oil (GB Holdings) From Roc Oil For Up To US$16.7 Million 49
Faroe Petroleum plc, Key Competitors 50
Faroe Petroleum plc, Key Employees 51
Faroe Petroleum plc, Other Locations 52
Faroe Petroleum plc, Subsidiaries 52

List of Figures
Faroe Petroleum plc, Oil & Gas, Deals by Type, 2011 to YTD 2017 2
Faroe Petroleum plc, Oil & Gas, Deals By Year, 2011 to YTD 2017 2
Faroe Petroleum plc, Oil & Gas, Deals By Region, 2011 to YTD 2017 2
Faroe Petroleum plc, Oil & Gas, Deals By Sector, 2011 to YTD 2017 2
Faroe Petroleum plc, Oil & Gas, Deals By Year, 2011 to YTD 2017 8
Faroe Petroleum plc, Oil & Gas, Deals by Type, 2011 to YTD 2017 9
Faroe Petroleum plc, Oil & Gas, Deals By Region, 2011 to YTD 2017 10
Faroe Petroleum plc, Oil & Gas, Deals by Sector, 2011 to YTD 2017 11


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