Faroe Petroleum farms out interest in license, Fulla prospect West of Shetlands

Faroe Petroleum has farmed-out to Canadian Overseas Petroleum Limited (COPL) of West of Shetland licence P.1161 and the associated commitment to drill an exploration well on the Fulla prospect. 
Licence P.1161 covering Blocks 206/5a, 10a is located approximately 10 kilometres to the north east of the producing Clair oil field and contains the Freya discovery and Fulla prospect.
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Source: Press release