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Atlantic Petroleum: Orlando field is temporarily closed

The closure, however, has limited influence on Atlantic Petroleum's financial performance, the company informs.

Bestyrelsesformand for Atlantic Petroleum, Ben Arabo. | Photo: Atlantic Petroleum

The Orlando field, from which the Faroese oil company is still collecting income despite having sold the asset, is temporarily shut down for maintenance work.

The closure, which began in April, only has small effect on the company's second-quarter financial results, the group informs in a statement Thursday afternoon.

In 2017, Atlantic Petroleum sold the Orlando field to Decipher Energy, while the Faroese firm, pursuant of the sales agreement, continues to collect income flows from the first 5 million extracted barrels – and 4.35 percent off the rest of the income streams.

English Edit: Daniel Frank Christensen

Atlantic Petroleum dwindles from doubts on new oil field

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