Faroe reports the sale of a 17.5% interest in PL 586,Â  153 sq km in the Norwegian Sea, to Suncor for USD 54.5 MM, Faroe retaining 7.5% as a result. The licence contains the Fenja devt project (ex-Pil/Bue), ref. DEA 20 Dec â17. The deal is due to complete 1H â18 and will be effective 1 Jan â18. So far VNG (op), partners Faroe + Point Res.  
Suncor Energy has acquired 17,5% stake from Faroe Petroleum (-> 7,5%, VNG 30% op, Point Resources 45%, ) in -operated PL 586 (Fenja field) for US$54,5 MM.