Tórshavn, Faroe Islands, 2012-10-26 08:03 CEST (GLOBE NEWSWIRE) -- P/F Atlantic Petroleum (OMX: FO-ATLA) today announces that Atlantic Petroleum UK (a wholly owned subsidiary of P/F Atlantic Petroleum) has been offered for award four licences in the UK 27th Round. The licence details are as follows:
- Block 15/16e. DEO (now Parkmead) (Operator) 34%, Atlantic Petroleum UK 33% and Faroe Petroleum 33%
- Blocks 30/12c, 30/13c & 30/18c. Parkmead (Operator) 30.5%, Atlantic Petroleum UK 30.5%, Bridge 25% and Dyas 14%
- Block 205/12. Parkmead (Operator) 30%, Atlantic Petroleum UK 30%, Summit 26%, Dyas 14%
- Blocks 205/23, 205/24, 205/25, 205/28, 205/29 & 205/30. Parkmead (Operator) 43%, Atlantic Petroleum UK 43% and Dyas 14%
These four licences are part of the 167 licences that DECC has offered to partnership groups, covering 330 blocks or part blocks. A further 61 blocks are still outstanding and are under environmental assessment. Atlantic Petroleum applied for five licences in the areas that are still outstanding.
Atlantic Petroleum applied for 9 licences in total.
Further Details:
Further details can be obtained from Ben Arabo, CEO, tel +298 350100 (ben.arabo@petroleum.fo). This announcement will be available, together with other information about Atlantic Petroleum, on the Company's website: www.petroleum.fo.
On the website, it is also possible to sign up for the Company’s e-mail newsletter.
Announcement no. 29/2012
Issued 26-10-2012
P/F Atlantic Petroleum
Yviri við Strond 4
P.O. Box 1228
FO-110 Tórshavn
Faroe Islands
Telephone +298 350 100
Fax +298 350 101
Website: www.petroleum.fo
E-mail: petroleum@petroleum.fo