Faroe Petroleum PLC Recommencement of Tambar (1586Z)

TIDMFPM

RNS Number : 1586Z

Faroe Petroleum PLC

13 December 2017

13(th) December 2017

Faroe Petroleum plc

("Faroe", "Faroe Petroleum" or the "Company")

Recommencement of production and Infill Programme at the Tambar Field, Norway

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, reports that production from the Tambar field in Norway (Faroe 45%) has recommenced, following the tragic accident on the Maersk Interceptor drilling rig on Thursday, 7 December 2017.

The Tambar infill and gas lift installation programme has also recommenced. A full investigation into the accident on the Maersk Interceptor is being undertaken by the authorities and the Tambar operator (AkerBP).

With the resumption of all activities at Tambar, Faroe's production guidance for the year remains unchanged at 13,000 to 15,000 boepd.

- Ends -

For further information please contact:

 
  Faroe Petroleum plc          Tel: +44 (0) 1224 650 
   Graham Stewart, CEO          920 
 Stifel Nicolaus Europe       Tel: +44 (0) 20 7710 
  Limited                      7600 
  Callum Stewart / Nicholas 
  Rhodes / Ashton Clanfield 
 BMO Capital Markets          Tel: +44 (0) 207 236 
  Neil Haycock / Tom           1010 
  Rider / Jeremy Low 
 FTI Consulting               Tel: +44 (0) 20 3727 
  Edward Westropp / Emerson    1000 
  Clarke

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 13, 2017 02:00 ET (07:00 GMT)

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