Faroe Petroleum Share Discussion Threads

[rogerlin] 12/12/2017 15:37

"On Tuesday, Aker BP resumed production on the Tambar field after the accident where a 43-year-old man died on Thursday last week.

Production was shut down on the day of the accident so that employees were given full opportunity to process the incident.

According to Maersk Drilling, the accident occurred during a maintenance work on a seawater pump in the rig's front leg, ie in the leg where the housing block is located.

The deceased was picked up by the sea by a state by-ship and brought to Haukeland University Hospital in Bergen by helicopter. But life could not save".

Thanks thedudie, here's google translate's version!

[thedudie] 12/12/2017 15:20

hxxp://petro.no/tambar-er-tilbake-i-produksjon/97926

Tambar back in production

td

[wbodger] 12/12/2017 11:16

Centrica have merged their exploration portfolio with Bayerngas Norge, as previously trailed:
hxxps://www.offshoreenergytoday.com/new-ep-player-spirit-energy-starts-trading/

That means Spirit Energy may be the Operator on the upcoming Fogelberg drill, which is scheduled to start in Q1 2018. Still basically Centrica, though. (I think they probably will stick to the schedule, there was a news item about CHC using Sikorsky S-92 helicopters for the Fogelberg contract. (Relevant reference is in the last paragraph of this:
hxxps://www.offshoreenergytoday.com/chc-to-support-centricas-fogelberg-drilling/

IPO to come? I don't think Centrica see themselves as explorers.

[oli12] 12/12/2017 10:34

Firstly very sad news last week, a loss of life puts everything else into perspective

hxxps://www.upi.com/North-Sea-field-still-down-after-Friday-fatality/4641512997992/?spt=slh&or=1

[ed 123] 12/12/2017 09:41

Ta, TGG and Rogerlin.

Some other stocks have attracted funds from Faroe recently. Price drifting. 96.5p.

Brent above $65/bbl due to shutdown. UK gas up 30% due to cold. Both effects are likely to be short term, though.

[rogerlin] 12/12/2017 08:13

KL Saltfjord has gone to the Haltenbank, now out of range of Marine Traffic service but I think it has gone to pre-lay for Fogelberg appraisal.

[thegreatgeraldo] 12/12/2017 00:03

Had a quick look & can't see FPM being affected by the Forties shutdown.

[bountyhunter] 11/12/2017 22:56

yes as they will have to shut down any affected production while the pipeline is repaired, and if not affected then FPM should get more for their unhedged production short term with the price of Brent rising due to this;
40% of NS production is affected

[harry rags] 11/12/2017 22:50

BountyhunterIf the pipeline affects FPM we should get an RNS in the morning IMHOHarry

[bountyhunter] 11/12/2017 20:21

Does FPM use this pipeline?

[bountyhunter] 11/12/2017 20:20

Forties pipeline closure:

[rogerlin] 09/12/2017 08:25

Maersk Interceptor a nice modern rig too.

[rogerlin] 08/12/2017 11:57

Sadly not a good outcome.

[wbodger] 07/12/2017 19:58

FID for Fenja expected later this month:

hxxps://www.offshoreenergytoday.com/vng-awards-fenja-drilling-contract-to-nadl-rig/

Article says VNG have procured West Phoenix rig for the development pending approval of the FID "later this month" and subject to approval of the PDO

[wbodger] 07/12/2017 19:36

Echo the first sentence of that. More details here:

hxxps://www.offshoreenergytoday.com/worker-falls-off-rig-at-aker-bps-tambar-field/

[oli12] 07/12/2017 17:49

I very much hope those injured are OK. The speed in which the share price reacted and the volatility shown was interesting for a decent sized company.

[cwa1] 07/12/2017 15:48

Hope the folk concerned are OK, not sure what affect, if any, it will have on FPM though.

[cwa1] 07/12/2017 15:46

And there we have it:-

[cwa1] 07/12/2017 15:44

LOL, if the past is anything to go by I'll be crying in to my beer shortly for paying so much!

[oli12] 07/12/2017 15:37

CWA1 not sure whether to congratulate you getting some for 90p or wait until the flash crash is understood. FPM is a long term hold either way.

[bountyhunter] 07/12/2017 15:13

not just this oil stock, maybe something to do with Trump but that's just a guess, there must be some across the board reason though

[cwa1] 07/12/2017 15:08

Not sure what's happening here, hope it's nothing that us poor PIs are the last to find out about. Decided to take a handful under 90p in the hope that it isn't......