ExxonMobil farms in to Atlantic Petroleum’s interest in Faroes block L016
Faroe Islands -- Atlantic Petroleum has announced that ExxonMobil Exploration and Production Faroe Islands Limited has acquired a 6% interest in license L016 from Atlantic Petroleum. The revised ownership interests in the license are Statoil Færøyene (the operator of the licence) 40%, DONG Energy Føroyar P/F 30%, ExxonMobil Exploration and Production Faroe Islands Limited 26% and P/F Atlantic Petroleum 4%.
The Licence was granted in the Third Licensing Round in 2008. The licence covers an area of 3,870 km2