P/F Atlantic Petroleum (B3W)
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P/F Atlantic Petroleum Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Mr. Mark T. Højgaard CEO | XFRA Exchange | FO000A0DN9X4 ISIN |
| Denmark Country | 1 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
P/F Atlantic Petroleum is a notable entity operating within the oil and gas sector, primarily focused on the exploration, appraisal, development, and production of oil and gas properties. Founded in 1998 and headquartered in Tórshavn, Faroe Islands, the company extends its operations across strategically significant regions including the Faroe Islands, the United Kingdom, Norway, and Ireland. Through its subsidiaries, Atlantic Petroleum has established a noteworthy presence within the oil and gas industry, leveraging its extensive experience and expertise to identify and exploit hydrocarbon resources within its operational territories.
Products and Services
- Exploration
- Appraisal
- Development
- Production
Atlantic Petroleum undertakes geological surveys and data analysis to identify potential hydrocarbon reserves. This initial stage is crucial for the company as it lays the foundation for future drilling and production activities. Exploration is conducted across its areas of operation, utilizing advanced technologies to increase the likelihood of discovery.
Following the exploration phase, the company moves on to appraisal activities which involve detailed evaluation of the discovered hydrocarbon resources. This step is vital for assessing the commercial viability of the reserves, including the quantity, quality, and extractability of the oil or gas found.
Once a resource is deemed commercially viable, Atlantic Petroleum progresses to the development phase, where plans are made for the overall field development. This includes designing, constructing, and installing the necessary infrastructure such as wells, platforms, and pipelines required for the extraction and transportation of oil and gas.
The culmination of the company's efforts in exploration, appraisal, and development is the production of oil and gas. Atlantic Petroleum utilizes both traditional and innovative methods to efficiently extract hydrocarbons, managing the operational aspects to ensure sustainable and environmentally responsible production processes.
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