ExxonMobil agrees to purchase shares in Faroe Island licenses

03/1/2011 | Bloomberg

ExxonMobil has struck a deal to acquire shares in Statoil's exploration licenses in the Faroe Islands. Exxon, Statoil and partner Atlantic Petroleum will drill the Brugdan well in the year's second half, according to Statoil. "ExxonMobil looks forward to working together with Statoil, Atlantic Petroleum and the Faroes' authorities on this exploration opportunity," said Russ Bellis, exploration director at ExxonMobil.

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