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Faroe Petrol Share News (FPM)
Share News for Faroe Petrol (FPM)
| Share Price: 115.25 | Bid: 115.25 | Ask: 116.25 | Change: -1.75 (-1.50%) |  | ||||||
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Maersk makes non-commercial oil find in Norwegian Sea
Wed, 7th Mar 2012 07:52
OSLO, March 7 (Reuters) - Danish shipping and oil group A.P. Moller-Maersk has made a minor oi
The discovery is not considered commercially interesting.
'Future studies will quantify the volumes and highlight any additional potential,' the NPD said.
Maersk holds a 70 percent stake in the 431 production licence and partner Faroe Petroleum the remaining 30 percent.
(Reporting By Victoria Klesty) Keywords: MAERSK/
(victoria.klesty@thomsonreuters.com; +47 2293 6979; Reuters Messaging: victoria.klesty.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
OSLO, March 7 (Reuters) - Danish shipping and oil group A.P. Moller-Maersk has made a minor oi
l discovery near the Kristin field in the Norwegian Sea, the Norwegian Oil Directorate said on Wednesday.
The discovery is not considered commercially interesting.
'Future studies will quantify the volumes and highlight any additional potential,' the NPD said.
Maersk holds a 70 percent stake in the 431 production licence and partner Faroe Petroleum the remaining 30 percent.
(Reporting By Victoria Klesty) Keywords: MAERSK/
(victoria.klesty@thomsonreuters.com; +47 2293 6979; Reuters Messaging: victoria.klesty.thomsonreuters.com@reuters.net)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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