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

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


  • Products Id :- GDGE2813D
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Executive Summary

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. Its operations portfolio consists of exploration, appraisal, development and production licences in the West of Shetland, the North Sea, Norwegian 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.



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Table of Contents

Table of Contents 3

List of Tables 6

List of Figures 7

Faroe Petroleum Plc, Oil & Gas, Deals By Year, 2012 to YTD 2018 8

Faroe Petroleum Plc, Oil & Gas Deals By Type, 2012 to YTD 2018 9

Faroe Petroleum Plc, Oil & Gas, Deals By Region, 2012 to YTD 2018 10

Faroe Petroleum Plc, Oil & Gas, Deals By Sector, 2012 to YTD 2018 11

Faroe Petroleum Plc, Oil & Gas, Deals Summary, 2012 to YTD 2018 12

Faroe Petroleum Plc, Oil & Gas, Deal Details 14

Asset Purchase 14

Faroe Petroleum To Farm-In Interest In Agar Discovery And Plantain Well And P1763 License In UKCS From Azinor Catalyst 14

Faroe Petroleum Completes Acquisition Of Additional 17.07% Stake In License P111, UK North Sea, From JX Nippon For USD 5.3 Million 15

Faroe Petroleum Completes Acquisition Of Oil And Gas Assets, Offshore Norway From Dong E&P Norge For USD 70.2 Million 17

Faroe Petroleum Acquires Additional 75% Interest In PL006C In Norwegian North Sea From Lundin Petroleum 19

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 20

Faroe Petroleum Acquires Remaining 50% Interest In Lowlander Oil Discovery In UK Central North Sea From North Sea Ventures 21

Faroe Petroleum Completes Acquisition Of 10% Interest In East Foinaven Field And 0.5% Interest In Pipeline System From Marubeni Oil For USD 22.5 Million 22

Faroe Petroleum Acquires 25% Interest In Pil Prospect In Norwegian Sea From VNG Norge 23

Faroe Petroleum Acquires 50% Interest In Lowlander Oil Discovery In UK Central North Sea From Talisman Sinopec 24

Faroe Petroleum Plans To Acquire Oil And Gas Assets In UK North Sea 25

Faroe Petroleum Acquires 12.5% Interest In PL 531 Offshore Norway From Talisman Energy Norge 26

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 27

Equity Offering 29

Faroe Petroleum Completes Private Placement Of Shares For USD 4.7 Million 29

Faroe Petroleum Completes Public Offering Of Shares For USD 0.75 Million 30

Faroe Petroleum Completes Private Placement Of Shares For USD 81.6 Million 31

Faroe Petroleum Completes Private Placement Of Shares For USD 109 Million 32

Faroe Petroleum Raises USD 0.02 Million Upon Exercise Of Options 33

Debt Offering 34

Faroe Petroleum Completes Private Placement Of 8% Senior Unsecured Bonds, Due 2023 For USD 100 Million 34

Asset Transactions 35

Faroe Petroleum Completes Farm-Out Of 13.3% Interest In Fogelberg Field In Norwegian Sea To Dyas Norge 35

Suncor Energy Completes Acquisition Of 17.5% Participating Interest In Fenja Field In Norwegian Sea From Faroe Petroleum For USD 68 Million 36

Parkmead Acquires Remaining 39.95% Interest In Perth And Dolphin Oil Fields, UK Central North Sea From Faroe Petroleum 38

Nexen Petroleum Completes Acquisition Of 80% Interest In License Option 16/23 Offshore Ireland From Faroe Petroleum 39

Total Completes Acquisition Of 10% Interest In Glenlivet Gas Field From Faroe Petroleum For USD 16.3 Million 40

Oyster Petroleum To Acquire 25% Interest In License P1948 In UK Central North Sea 41

Spike Exploration Completes Acquisition Of 15% Interest In License PL645 And 10% Interest In License PL475, Norwegian Sea From Faroe Petroleum Norge 42

Concedo Completes Acquisition Of 5% Interest In License PL645 In Norwegian North Sea From Faroe Petroleum 43

EnCore Oil, Nautical Petroleum And Serica Energy Completes Acquisition Of 70% Interest In Block 15/21a In North Sea In A Swap Transaction 44

Acquisition 46

DNO Acquires Additional 1.02% Stake In Faroe Petroleum For USD 6.7 Million 46

DNO Acquires 2.32% Stake In Faroe Petroleum For USD 14.9 Million 47

DNO Acquires 10% Stake In Faroe Petroleum For USD 64.4 Millon 48

DNO Acquires 15.37% Stake In Faroe Petroleum From Delek Group For USD 99 Million 49

Delek Group Acquires 13.18% Stake In Faroe Petroleum From Dana Petroleum For USD 52.9 Million 50

Faroe Petroleum Completes Acquisition Of Roc Oil (GB Holdings) From Roc Oil For Up To USD 16.7 Million 52

Faroe Petroleum Plc-Key Competitors 53

Faroe Petroleum Plc-Key Employees 54

Faroe Petroleum Plc-Locations And Subsidiaries 55

Head Office 55

Other Locations & Subsidiaries 55

Recent Developments 56

License Awards 56

May 24, 2018: Faroe Petroleum Receives New Exploration Licence In UK 30th Round 56

May 24, 2018: Parkmead Awarded Nine New UK Oil And Gas Blocks Diever West Production Reaches Record New High 57

Jan 17, 2018: Faroe Petroleum: Eight Exploration Licences Awarded In Norway 59

Jan 18, 2017: Faroe Petroleum: Four New Exploration Licences Awarded In Norway 60

Recent Discoveries 61

Apr 04, 2018: Faroe Petroleum Announces Significant Gas/Condensate Discoveries In Hades And Iris Prospects, Norway 61

Mar 15, 2017: Faroe Petroleum: Bone Exploration Well Results 62

Drilling and Production Updates 63

Oct 25, 2017: Faroe Petroleum: Commencement Of Tambar Infill Drilling Programme 63

Sep 12, 2017: Faroe Petroleum Announces Goanna Exploration Well Results 64

Financial Announcements 65

Sep 18, 2018: Faroe Petroleum announces unaudited interim results for six months ended 30 June 2018 65

Mar 20, 2018: Faroe Petroleum Announces Final Results For Year ended 31 December 2017 72

Sep 26, 2017: Faroe Petroleum Announces Unaudited Interim Results For Six Months Ended 30 June 2017 81

Jun 20, 2017: Faroe Petroleum Provides 2017 Annual General Meeting Operational Update 89

Mar 21, 2017: Faroe Petroleum Announces Final Results For The Year Ended 31 December 2016 93

Other Significant Developments 101

Aug 28, 2018: Faroe Petroleum: DNO Withdraws Faroe General Meeting Requisition 101

Aug 28, 2018: Faroe Petroleum: Agar/Plantain Exploration and Appraisal Well Commences 102

Aug 21, 2018: Azinor Catalyst mobilises rig to drill Agar Plantain well 103

Aug 08, 2018: Faroe Petroleum provides Mid-year Operational Update 104

Jun 29, 2018: Faroe Petroleum Announces Successful Fogelberg Drill Stem Test 107

Jun 26, 2018: Faroe Petroleum Announces Annual General Meeting Statement 108

Jun 05, 2018: Faroe Petroleum Appoints Katherine Roe As Independent Non-Executive Director 109

May 23, 2018: Faroe Petroleum Announces Brasse East Well Commitment 110

Apr 27, 2018: Faroe Petroleum Announces Production Increase At Tambar And Fogelberg Update 111

Apr 10, 2018: Faroe Petroleum Announces Approval Of Plan For Development And Operation Of Fenja Field 112

Apr 10, 2018: Faroe Provides Update With Preliminary Results Of Fogelberg Appraisal Well 113

Feb 13, 2018: Faroe Petroleum Provides Operational Update And 2018 Guidance 114

Feb 07, 2018: PGNIG: Appraisal Well Spudded Within Fogelberg Gas Discovery In Norway 118

Feb 05, 2018: Faroe Announces Commencement Of Fogelberg Appraisal Well In Norwegian Sea 119

Jan 16, 2018: NPD: Drilling Permit For Well 6506/9-4 S In Production Licence 433 120

Dec 19, 2017: Faroe Petroleum: Fenja Field Development Plan Submission 121

Dec 13, 2017: Faroe Petroleum: Recommencement Of Production And Infill Programme At Tambar Field, Norway 122

Dec 07, 2017: Flexible Engineered Solutions Reports Incident Occured At Tambar Field 123

Nov 29, 2017: Faroe Petroleum begins drilling of Iris/Hades (Aerosmith) exploration well 124

Nov 17, 2017: OMV secures drilling permit for well in production licence 644 125

Oct 25, 2017: Faroe Petroleum Announces Appointment Of Independent Non-Executive Director 126

Aug 29, 2017: Faroe Petroleum Announces Commencement Of Goanna Exploration Well 39/9-22 S In Licence Pl 881 127

Jul 18, 2017: Faroe Petroleum: Successful Brasse Sidetrack Well Results 128

Jul 03, 2017: Faroe Petroleum: Brasse Appraisal Well Drill Stem Test Results 130

Jun 21, 2017: Faroe Petroleum: Statoil Press Announcement Regarding Plans For Development And Operation Of Njord And Bauge 131

Jun 13, 2017: Faroe Petroleum Announces Brasse Appraisal Well Preliminary Results And Commitment To Drill Stem Test 133

May 25, 2017: Faroe Petroleum Announces Brasse Appraisal Well Commences Drilling In Norwegian North Sea 134

Mar 30, 2017: Aker BP, Faroe Approve Tambar- Re-Development 135

Mar 28, 2017: DEA Commits To Njord Upgrade 136

Mar 23, 2017: Faroe Petroleum Extension Of Trym Field Production 138

Mar 15, 2017: Faroe Petroleum Provides Bone Exploration Well Results 139

Feb 10, 2017: Faroe Petroleum Provides Update On Operations And Guidance For 2017 140

Jan 12, 2017: Faroe Petroleum Bone (Dazzler) Exploration Well Commences And Brasse Appraisal Well Added To 2017 Drilling Programme 143

New Contracts Announcements 145

Sep 01, 2017: Centrica: Island Innovator To Drill Fogelberg Appraisal Well 145

Jun 09, 2017: Odfjell Drilling Signs Contract For Well With Wellesley Petroleum 146

May 10, 2017: Faroe Petroleum Provides Update On Brasse Appraisal Well 31/7-2S Consent 147

Apr 04, 2017: CHC Announces New Contract With Faroe Petroleum 148

Apr 03, 2017: ODL-Deepsea Bergen Receives A Letter Of Intent For A One Well Contract 149

Mar 17, 2017: Statoil Awards Njord Contract 150

Mar 15, 2017: Odfjell Drilling: Deepsea Bergen Receives A Letter Of Intent For A One Well Contract 151

Appendix 152

Methodology 152

About GlobalData 152

Contact Us 152

Disclaimer 152

List of Figures

Faroe Petroleum Plc, Oil & Gas, Deals by Type, 2012 to YTD 2018 2

Faroe Petroleum Plc, Oil & Gas, Deals By Year, 2012 to YTD 2018 2

Faroe Petroleum Plc, Oil & Gas, Deals By Region, 2012 to YTD 2018 2

Faroe Petroleum Plc, Oil & Gas, Deals By Sector, 2012 to YTD 2018 2

Faroe Petroleum Plc, Oil & Gas, Deals By Year, 2012 to YTD 2018 8

Faroe Petroleum Plc, Oil & Gas, Deals by Type, 2012 to YTD 2018 9

Faroe Petroleum Plc, Oil & Gas, Deals By Region, 2012 to YTD 2018 10

Faroe Petroleum Plc, Oil & Gas, Deals by Sector, 2012 to YTD 2018 11

List of Tables

Faroe Petroleum Plc, Oil & Gas, Key Facts, 2017 2

Faroe Petroleum Plc, Oil & Gas, Deals Summary, 2012 to YTD 2018 2

Faroe Petroleum Plc, Oil & Gas, Deals By Year, 2012 to YTD 2018 8

Faroe Petroleum Plc, Oil & Gas Deals By Type, 2012 to YTD 2018 9

Faroe Petroleum Plc, Oil & Gas, Deals By Region, 2012 to YTD 2018 10

Faroe Petroleum Plc, Deals By Sector, 2012 to YTD 2018 11

Faroe Petroleum Plc, Oil & Gas, Deals Summary, 2012 to YTD 2018 12

Faroe Petroleum To Farm-In Interest In Agar Discovery And Plantain Well And P1763 License In UKCS From Azinor Catalyst 14

Faroe Petroleum Completes Acquisition Of Additional 17.07% Stake In License P111, UK North Sea, From JX Nippon For USD 5.3 Million 15

Faroe Petroleum Completes Acquisition Of Oil And Gas Assets, Offshore Norway From Dong E&P Norge For USD 70.2 Million 17

Faroe Petroleum Acquires Additional 75% Interest In PL006C In Norwegian North Sea From Lundin Petroleum 19

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 20

Faroe Petroleum Acquires Remaining 50% Interest In Lowlander Oil Discovery In UK Central North Sea From North Sea Ventures 21

Faroe Petroleum Completes Acquisition Of 10% Interest In East Foinaven Field And 0.5% Interest In Pipeline System From Marubeni Oil For USD 22.5 Million 22

Faroe Petroleum Acquires 25% Interest In Pil Prospect In Norwegian Sea From VNG Norge 23

Faroe Petroleum Acquires 50% Interest In Lowlander Oil Discovery In UK Central North Sea From Talisman Sinopec 24

Faroe Petroleum Plans To Acquire Oil And Gas Assets In UK North Sea 25

Faroe Petroleum Acquires 12.5% Interest In PL 531 Offshore Norway From Talisman Energy Norge 26

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 27

Faroe Petroleum Completes Private Placement Of Shares For USD 4.7 Million 29

Faroe Petroleum Completes Public Offering Of Shares For USD 0.75 Million 30

Faroe Petroleum Completes Private Placement Of Shares For USD 81.6 Million 31

Faroe Petroleum Completes Private Placement Of Shares For USD 109 Million 32

Faroe Petroleum Raises USD 0.02 Million Upon Exercise Of Options 33

Faroe Petroleum Completes Private Placement Of 8% Senior Unsecured Bonds, Due 2023 For USD 100 Million 34

Faroe Petroleum Completes Farm-Out Of 13.3% Interest In Fogelberg Field In Norwegian Sea To Dyas Norge 35

Suncor Energy Completes Acquisition Of 17.5% Participating Interest In Fenja Field In Norwegian Sea From Faroe Petroleum For USD 68 Million 36

Parkmead Acquires Remaining 39.95% Interest In Perth And Dolphin Oil Fields, UK Central North Sea From Faroe Petroleum 38

Nexen Petroleum Completes Acquisition Of 80% Interest In License Option 16/23 Offshore Ireland From Faroe Petroleum 39

Total Completes Acquisition Of 10% Interest In Glenlivet Gas Field From Faroe Petroleum For USD 16.3 Million 40

Oyster Petroleum To Acquire 25% Interest In License P1948 In UK Central North Sea 41

Spike Exploration Completes Acquisition Of 15% Interest In License PL645 And 10% Interest In License PL475, Norwegian Sea From Faroe Petroleum Norge 42

Concedo Completes Acquisition Of 5% Interest In License PL645 In Norwegian North Sea From Faroe Petroleum 43

EnCore Oil, Nautical Petroleum And Serica Energy Completes Acquisition Of 70% Interest In Block 15/21a In North Sea In A Swap Transaction 44

DNO Acquires Additional 1.02% Stake In Faroe Petroleum For USD 6.7 Million 46

DNO Acquires 2.32% Stake In Faroe Petroleum For USD 14.9 Million 47

DNO Acquires 10% Stake In Faroe Petroleum For USD 64.4 Millon 48

DNO Acquires 15.37% Stake In Faroe Petroleum From Delek Group For USD 99 Million 49

Delek Group Acquires 13.18% Stake In Faroe Petroleum From Dana Petroleum For USD 52.9 Million 50

Faroe Petroleum Completes Acquisition Of Roc Oil (GB Holdings) From Roc Oil For Up To USD 16.7 Million 52

Faroe Petroleum Plc, Key Competitors 53

Faroe Petroleum Plc, Key Employees 54

Faroe Petroleum Plc, Other Locations 55

Faroe Petroleum Plc, Subsidiaries 55

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Faroe Petroleum Plc, Deal Analysis, Mergers, Acquisitions, Asset Purchases, Asset Divestitures, Company Divestitures, Equity Offerings, Capital Raising, Debt Offerings, IPOs, Initial Public Offering, Private Placement, Private Investment In Public Equities, Secondary Offerings, Follow-On Offerings, Debt Private Placement, Public Debt Placement, Partnerships, Joint Venture, Licensing Agreements, Co-Marketing Agreements, Upfront Payment, Milestone Payment, Phases, Clinical Trials, Private Equity, Venture Capital, PE,VC, Asset Finance, Project Finance, Tax Equity Financing, Bond Financing, Lease Financing, New Build Financing, Deal Analysis By Market/sector, Deal Analysis By Geography, Deal Analysis By Deal Types, Key Employees, Locations And Subsidiaries, Competitors, Recent News, Company Overview, Key Facts, Deals By Year, Deal Details, Recent Developments, Significant Developments.

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