Swop deal on the Norwegan Continental Shelf

Faroe Petroleum has issued a press release about a swop deal which comprise SDFI shares. According to the deal, SDFI takes over Faroe’s 30 per cent of the production licenses 475BS and 475CS near the Åsgard field in the Norwegian Sea, which contains the Maria discovery. The deal is subject to government approval. Call the Ministry of Petroleum and Energy for more information.
Publishing date: 11-04-2011