Atlantic Petroleum P/F P/F is an oil and gas company situated in

Tórshavn Tórshavn (; lit. "Thor's harbour"), usually locally referred to as simply ''Havn'', is the capital and largest city of the Faroe Islands. It is located in the southern part on the east coast of Streymoy. To the northwest of the city lies the ...

Faroe Islands The Faroe Islands ( ), or simply the Faroes ( fo, Føroyar ; da, Færøerne ), are a North Atlantic island group and an autonomous territory of the Kingdom of Denmark. They are located north-northwest of Scotland, and about halfway bet ...

and has technical offices located in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

(

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...

) and

Bergen Bergen (), historically Bjørgvin, is a city and municipality in Vestland county on the west coast of Norway. , its population is roughly 285,900. Bergen is the second-largest city in Norway. The municipality covers and is on the peninsula of ...

(

Norway Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and t ...

). It participates in exploration on the Faroese Continental Shelf, offshore Norway,

Ireland Ireland ( ; ga, Éire ; Ulster Scots dialect, Ulster-Scots: ) is an island in the Atlantic Ocean, North Atlantic Ocean, in Northwestern Europe, north-western Europe. It is separated from Great Britain to its east by the North Channel (Grea ...

, and United Kingdom. The company has production from three fields in the United Kingdom's sector of the

North Sea The North Sea lies between Great Britain, Norway, Denmark, Germany, the Netherlands and Belgium. An epeiric sea on the European continental shelf, it connects to the Atlantic Ocean through the English Channel in the south and the Norwegian S ...

and also participates in development projects.

History

Atlantic Petroleum was established in 1998 by 18 private Faroese investors. It became the first listed Faroese company. In June 2005 Atlantic Petroleum was listed on the

Iceland Stock Exchange The Nasdaq Iceland, formerly known as the Iceland Stock Exchange (XICE) ( is, Kauphöll Íslands), is a stock exchange located in Iceland. It was established in 1985 as a joint venture of several banks and brokerage firms on the initiative of the ...

(ICEX) and in October 2006 on

Copenhagen Stock Exchange The Nasdaq Copenhagen, formerly known as the Copenhagen Stock Exchange ( da, Københavns Fondsbørs), is an international marketplace for Danish securities, including shares, bonds, treasury bills and notes, and financial futures and options. ...

Operations

In 2001, Atlantic Petroleum in the partnership with

Amerada Hess Hess Corporation (formerly Amerada Hess Corporation) is an American global independent energy company involved in the exploration and production of crude oil and natural gas. It was formed by the merger of Hess Oil and Chemical and Amerada Petrol ...

BG Group BG Group plc was a British multinational oil and gas company headquartered in Reading, United Kingdom. On 8 April 2015, Royal Dutch Shell announced that it had reached an agreement to acquire BG Group for $70 billion, subject to regulatory and ...

and DONG acquired two exploration licences in the

United Kingdom Continental Shelf The UK Continental Shelf (UKCS) is the region of waters surrounding the United Kingdom, in which the country has mineral rights. The UK continental shelf includes parts of the North Sea, the North Atlantic, the Irish Sea and the English Channel; th ...

. Later four more assets were acquired in the United Kingdom Continental Shelf. These assets include among others interests in Ettrick,

Chestnut The chestnuts are the deciduous trees and shrubs in the genus ''Castanea'', in the beech family Fagaceae. They are native to temperate regions of the Northern Hemisphere. The name also refers to the edible nuts they produce. The unrelat ...

, and Blackbird fields. In 2009, Atlantic Petroleum relinquished its stake in the Anglesey prospect of the United Kingdom sector of the North Sea. In 2005, Atlantic Petroleum acquired two exploration licences in the waters of Faroe Islands. In Irish waters, Atlantic Petroleum has interests in

Helvick Helvick or Helvick Head (, non, Hellavík) is a headland on the southern end of Dungarvan Harbour, Ireland; it is the eastern tip of the Ring Peninsula. Formed of Old Red Sandstone, it is the easternmost protrusion of a ridge that begins ne ...

Hook Head Hook Head (), historically called Rindowan, is a headland in County Wexford, Ireland, on the east side of the estuary of The Three Sisters (Rivers Nore, Suir and Barrow). It is part of the Hook peninsula and is adjacent to the historic townl ...

and Ardmore fields.

References

External links

* {{OMX Iceland 6 companies Oil and gas companies of the Faroe Islands Energy companies established in 1998 Non-renewable resource companies established in 1998 1998 establishments in the Faroe Islands Companies listed on Nasdaq Iceland Companies listed on the Oslo Stock Exchange