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2013-04-17 09:32:57 CEST 2013-04-17 09:33:55 CEST REGULATED INFORMATION Atlantic Petroleum P/F - FyrirtækjafréttirOrlando Field Development Plan approvedTórshavn, Faroe Islands, 2013-04-17 09:32 CEST (GLOBE NEWSWIRE) -- Atlantic Petroleum (OMX: FO-ATLA) today announces that the Department of Energy and Climate Change ("DECC") has advised the Orlando joint venture partners that it has approved the Orlando Field Development Plan ("FDP") submitted by the partners. The Orlando Field is owned by Iona (Operator 75%) and Atlantic Petroleum subsidiary, Volantis Exploration (25%). Further, DECC has approved Iona's application for Production Operator status. The Orlando Oil field lies approximately 10 Km north east of the Ninian Central Platform and was successfully appraised with well 3/3b-11 (1989) and 3/3b-13 (2012) with sidetrack wells. Ben Arabo, CEO, commented: “This is a very important milestone for the Orlando project. We look forward to continue working with the operator to deliver first production as early as possible.” Further Details: Further details can be obtained from Ben Arabo, CEO, tel +298 350100 (ben.arabo@petroleum.fo). This announcement will be available, together with other information about Atlantic Petroleum, on the Company's website: www.petroleum.fo. On the website, it is also possible to sign up for the Company's e-mail newsletter. Announcement no. 19/2013 Issued 17-04-2013 P/F Atlantic Petroleum Yviri við Strond 4 P.O. Box 1228 FO-110 Tórshavn Faroe Islands Telephone +298 350 100 Fax +298 350 101 Website: www.petroleum.fo E-mail: petroleum@petroleum.fo |
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