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Faroe Petroleum

Faroe Petroleum
1997 FOUNDED
M&A STATUS
71-80 EMPLOYEES
M&A LATEST DEAL TYPE
7 FINANCING ROUNDS
23 INVESTMENTS
Description

Faroe Petroleum PLC is an independent oil and gas company. It mainly focuses on exploration, appraisal, and production of oil and gas properties in Norway, Ireland, and the United Kingdom. The company owns a portfolio of licenses of approximately 60 explorations, appraisal, development and production licenses in the West of Shetland, the North Sea, Norwegian Sea, Barents Sea and the Celtic Sea. It is also the production operator of the Schooner and Ketch gas fields in the UK Southern Gas Basin and the Trym and Oselvar fields in the Norwegian North Sea.

Website
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Corporate Backed or Acquired
Primary Industry
Energy Exploration
Other Industries
Energy Production
Parent Company
Primary Office
  • 24 Carden Place
  • Aberdeen AB10 1UQ
  • Scotland, United Kingdom

+44 01224 000000

Faroe Petroleum Valuation and Funding

Deal Type Date Amount Post-Val Valuation/
EBITDA
Debt Status

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Faroe Petroleum Investments & Acquisitions (23)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
000 00 (00000 000 31-Dec-2017 000000000 00000000 00.000 Energy Exploration 000000 0000000
0000 000000 (00000 06-Dec-2016 000000000 00000000 Energy Exploration 000000 0000000
0000 000000 (00000 06-Dec-2016 000000000 00000000 Energy Exploration 000000 0000000
0000 000000 (000 0 06-Dec-2016 000000000 00000000 Energy Exploration 000000 0000000
Oselvar field and Norwegian shelf licenses 06-Dec-2016 Corporate Asset Purchase 000.00 Other Commercial Services 000000 0000000
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Faroe Petroleum Exits (3)

Company Name Exit Date Exit Type Exit Size Status Buyers
00000 000000000 0. 13-Jan-2011 000000000 00000000 Completed
  • 00000 000000000
00000 000 00000 (0 17-Oct-2007 000000000 00000000 000.00 Completed
  • 00000 000000000
Nexen Petroleum U.K. (Perth and Dolphin oil fields) Secondary Transaction - Private Completed
  • 3 buyers
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Faroe Petroleum Former Investors

Investor Name Investor Type Holding Participating Rounds Investor Since Board Seat Contact Info

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Faroe Petroleum Executive Team (5)

Name Title Board
Seat
Contact
Info
Bogi Vang Group Financial Controller, UK
Ida Veland Manager, Corporate Development

3 Former Executives

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Faroe Petroleum Board Members (4)

Name Representing Role Since Contact
Info
00000 000000 Self Independent Non-Executive Director 000 0000
0000 0000000 Self Non-Executive Chairman 000 0000
00000 00000 Self Independent Non-Executive Director 000 0000
000 0000 Self Senior Independent Non-Executive Director 000 0000