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Faroe Petroleum to buy UK North Sea interests from Tullow

30.04.2014 / Energyboardroom

Faroe Petroleum Ltd. has entered into an agreement with Tullow Oil PLC unit Tullow Oil SK Ltd. to buy 53.1% of Tullow’s Schooner unit interest along with 60% of its Ketch asset in the UK southern North Sea to for $75.6 million. The deal is effective Jan. 1.

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