Faroe Petroleum shares rise on acquisitions in Norway and UK

Oil and gas company Faroe Petroleum has acquired new interests in prospects in the Norwegian Sea and UK Central North Sea.

Oil and gas company Faroe Petroleum has acquired new interests in prospects in the Norwegian Sea and UK Central North Sea.

The group said it purchased a 25% stake in the Pil project in Norway and a 50% holding in the Lowlander discovery in the North Sea.

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