Faroe Petroleum acquires further interest in the UK North Sea's Blane field

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, has announced the conditional acquisition of a further 13.9935% interest in Blane field in the UK North Sea from JX Nippon Exploration and Production (UK) Limited (JXN) for a total consideration of $5.25 million. More »