Antrim Energy pulls withdraws from Fionn Field subarea

AIM-listed exploration and production company Antrim Energy has elected to opt out of the Fionn Field development in the North Sea, according to an operational update issued by the company on Friday.

AIM-listed exploration and production company Antrim Energy has elected to opt out of the Fionn Field development in the North Sea, according to an operational update issued by the company on Friday.

The company, which has interets offshore in the UK North Sea, Ireland and Tanzania, stated that the projected costs associated with the development of the smaller Fionn Field had risen to the extent that the project no longer met Antrim's previous economic criteria.

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