Tórshavn, Faroe Islands, 2014-02-10 08:07 CET (GLOBE NEWSWIRE) -- P/F Atlantic Petroleum (NASDAQ OMX Copenhagen & Oslo Stock Exchange: FO-ATLA-CSE & ATLA) is pleased to announce an update on the Langlitinden exploration well in the Barents Sea.
Atlantic Petroleum has, as partner in PL659, from core samples identified hydrocarbon shows in exploration well 7222/11-2 on the Langlitinden Prospect in the Barents Sea. Drilling operations are ongoing and final results are not yet available.
Atlantic Petroleum holds a 10 percent interest in PL 659 after a farm in deal with Det norske oljeselskap as announced 19 th December 2013 (subject to final authority approval). Partners are Det norske oljeselskap (Operator) with 20 percent, Petoro 30 percent, Lundin Petroleum 20 percent, Tullow Oil Norge 15 percent (including the transfer of a 5 percent working interest from Ithaca Petroleum Norge AS) and Rocksource 5 percent.
Atlantic Petroleum in brief:
Atlantic Petroleum is a full cycle exploration and production (E&P) Group focused on North West Europe. Atlantic Petroleum currently holds 42 oil and gas licences in the UK, Norway, Faroe Islands, Ireland and the Netherlands, and has three fields in production in the UK part of the North Sea. In addition to this, the Group has one field under development with first oil expected in 2015, two additional potential development projects and a substantial number of exploration prospects. Atlantic Petroleum participates in joint ventures with 30 reputable, international partners. Atlantic Petroleum’s main office is located in Tórshavn, Faroe Islands, and the Company has subsidiaries and technical offices in London, UK and Bergen, Norway. Atlantic Petroleum’s existing shares are listed on NASDAQ OMX Copenhagen, and on Oslo Stock Exchange.
Further Details:
Further details can be obtained from Ben Arabo, CEO, tel +298 350100 (ben.arabo@petroleum.fo). This announcement will be available, together with other information about Atlantic Petroleum, on the Company's website: www.petroleum.fo .
On the website, it is also possible to sign up for the Company’s e-mail newsletter.
Announcement no.09/2014
Issued 10-02-2014
P/F Atlantic Petroleum Yviri við Strond 4, 3rd Floor P.O. Box 1228 FO-110 Tórshavn Faroe Islands Telephone +298 350 100 Fax +298 350 101 Website: www.petroleum.fo E-mail: petroleum@petroleum.fo