Deals this week: Faroe Petroleum, Mubadala, Qatar Petroleum
Deals this week: Faroe Petroleum, Mubadala, Qatar Petroleum
Faroe Petroleum has signed an agreement with Equinor for the exchange of their oil and gas assets in the Norwegian Sea and the North Sea in the Norwegian Continental Shelf (NCS).
Under the terms of the agreement, Faroe Petroleum will acquire interests in Alve, Marulk, Ringhorne East, and Vilje fields in the NCS. In exchange, Equinor will acquire stakes in the Njord, Hyme redevelopment, and Bauge projects.
The asset ex...