Local Business Faroe nets £39m from sale of North Sea stake By Mark Lammey February 12 2018, 9:30 am February 12 2018, 9:30 am Share Faroe nets £39m from sale of North Sea stake Share via Facebook Twitter Whatsapp Messenger Linkedin Email Post link https://www.pressandjournal.co.uk/fp/business/local/1412908/faroe-nets-39m-sale-north-sea-stake/ Copy Link Faroe Petroleum has sold a 17.5% stake in the Fenja development in the Norwegian Sea to Canadian energy firm Suncor for £39million. Aberdeen-based Faroe will retain 7.5% of Fenja. It also has 7.5% working interests in a number of other fields in the Njord area. The deal will reduce Faroe’s future capital expenditure on Fenja to about £70million. Read more on Energy Voice here.
