Atlantic Petroleum (Faroe Islands)
{{for|the United States company|Atlantic Petroleum}}
{{Infobox company
| name = Atlantic Petroleum P/F
| logo = Atlantic Petroleum.svg
| logo_size = 220px
| image = Atlantic Petroleum office at Tinganes.jpg
| image_caption = Atlantic Petroleum head office
| image_size = 220px
| type = Partafelag
| traded_as = {{OMX|CSE36661|ATLA DKK}}
| foundation = 1998
| founder =
| location = Tórshavn, Faroe Islands
| area_served =
| key_people = Ben Arabo (CEO), Birgir Durhuus (Chairman)
| industry = Petroleum
| products = Oil and gas exploration and production
| services =
| revenue = DKK 422.5 million (2010){{cite web |url=http://www.petroleum.fo/get.file?ID=7095 |title=Annual Report 2010 |publisher=Atlantic Petroleum |accessdate=17 November 2011}}
| operating_income = DKK 147.3 million (2010)
| net_income = DKK 109.1 million (2010)
| assets = DKK 671.8 million (end 2010)
| equity = DKK 377.9 million (end 2010)
| num_employees = around 30 (end 2013)|
| parent =
| divisions =
| subsid = Atlantic Petroleum UK Limited
Atlantic Petroleum (Ireland) Limited
Atlantic Petroleum Norge AS (Norway)
| homepage = [http://www.petroleum.fo/ www.petroleum.fo]
}}
Atlantic Petroleum P/F P/F is an oil and gas company situated in Tórshavn, Faroe Islands and has technical offices located in London (United Kingdom) and Bergen (Norway). It participates in exploration on the Faroese Continental Shelf, offshore Norway, Ireland, and United Kingdom. The company has production from three fields in the United Kingdom's sector of the North Sea and also participates in development projects.
History
Atlantic Petroleum was established in 1998 by 18 private Faroese investors.{{cite web
|url= http://www.subsea.org/company/listdetails.asp?companyid=2534
|title= Atlantic Petroleum
|work= Subsea.Org
|accessdate= 2010-08-29
|archive-url= https://web.archive.org/web/20171104094740/http://www.subsea.org/company/listdetails.asp?companyid=2534
|archive-date= 2017-11-04
|url-status= dead
}} It became the first listed Faroese company. In June 2005 Atlantic Petroleum was listed on the Iceland Stock Exchange (ICEX) and in October 2006 on Copenhagen Stock Exchange.
Operations
In 2001, Atlantic Petroleum in the partnership with Amerada Hess, BG Group and DONG acquired two exploration licences in the United Kingdom Continental Shelf. Later four more assets were acquired in the United Kingdom Continental Shelf. These assets include among others interests in Ettrick, Chestnut, and Blackbird fields.
{{cite news
| url = http://www.oilvoice.com/n/Atlantic_Petroleum_Provides_Ettrick_Development_Update/9245bc8f7.aspx
| title = Atlantic Petroleum Commencing its First Field Development
| work = OilVoice
| date = 2010-08-10
| accessdate = 2010-08-29}}
{{cite news
| url = http://www.upstreamonline.com/incoming/article180006.ece
| title = FPSO Aoka Mizu arrives at Ettrick
| newspaper = Upstream Online
| publisher = NHST Media Group
| date = 2009-06-04
| accessdate = 2010-08-29
| url-access = subscription
}}
{{cite news
| url = http://www.upstreamonline.com/live/article97714.ece
| title = Sevan SSP 300 sails to Chestnut
| newspaper = Upstream Online
| publisher = NHST Media Group
| date = 2005-08-29
| accessdate = 2010-08-29
| url-access = subscription
}}
{{cite news
| url = http://www.upstreamonline.com/live/article221570.ece
| title = Blackbird sings for Nexen
| newspaper = Upstream Online
| publisher = NHST Media Group
| date = 2010-06-14
| accessdate = 2010-08-29
| url-access = subscription
}}
{{cite news
| url = http://www.oilvoice.com/n/Atlantic_Petroleum_Announces_Successful_Appraisal_of_Blackbird_Discovery/30e548c10.aspx
| title = Atlantic Petroleum Announces Successful Appraisal of Blackbird Discovery
| work = OilVoice
| date = 2010-07-14
| accessdate = 2010-08-29}}
In 2009, Atlantic Petroleum relinquished its stake in the Anglesey prospect of the United Kingdom sector of the North Sea.
{{cite news
| url = http://www.upstreamonline.com/live/article172141.ece
| title = Atlantic walks away from Anglesey
| newspaper = Upstream Online
| publisher = NHST Media Group
| date = 2009-02-16
| accessdate = 2010-08-29
| url-access = subscription
}}
In 2005, Atlantic Petroleum acquired two exploration licences in the waters of Faroe Islands. In Irish waters, Atlantic Petroleum has interests in Helvick, Hook Head and Ardmore fields.
{{cite news
| url = http://www.oilvoice.com/n/Providence_Completes_Heavy_Oil_Resource_Assessment_of_the_Ardmore_Field_Offshore_Ireland/3c63f1ffc.aspx
| title = Providence Completes Heavy Oil Resource Assessment of the Ardmore Field, Offshore Ireland
| work = OilVoice
| date = 2010-05-18
| accessdate = 2010-08-29}}
References
{{Reflist}}
External links
- {{official website|http://www.petroleum.fo}}
{{OMX Iceland 6 companies}}
Category:Oil and gas companies of the Faroe Islands
Category:Energy companies established in 1998
Category:Non-renewable resource companies established in 1998
Category:Danish companies established in 1998
Category:1998 establishments in the Faroe Islands
Category:Companies listed on Nasdaq Copenhagen