BRIEF-Faroe Petroleum Announces Approval of Plan for Development of Fenja field

  • Reuters
  • Stock Market News
BRIEF-Faroe Petroleum Announces Approval of Plan for Development of Fenja field
Credit: © Reuters.

April 10 (Reuters) - Faroe Petroleum PLC FPM.L :

* NORWEGIAN MINISTER OF PETROLEUM AND ENERGY HAS APPROVED PLAN FOR DEVELOPMENT AND OPERATION OF FENJA FIELD

* FENJA IS EXPECTED TO COME ON STREAM IN 2021 WITH A PLANNED FIELD LIFE OF 16 YEARS

* FAROE RETAINS A 7.5% WORKING INTEREST IN FENJA DEVELOPMENT

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