Faroe Petroleum is a gas and oil exploration, development and production company that owns a licence portfolio of 50. It operates in the Faroe Islands, the UK West of Shetlands, North Sea and Norway. The company is listed on the AIM of the London Stock Exchange and earned revenue of 7.0m and made a loss of 6.9m in 2009. Faroe Petroleum's five North Sea wells produced 1,800 boepd to December 2009.
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