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Last kr44.50 DKK
Change Today 0.00 / 0.00%
Volume 2.8K
ATLA On Other Exchanges
As of 10:59 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

p/f atlantic petroleum (ATLA) Snapshot

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p/f atlantic petroleum (ATLA) Details

P/F Atlantic Petroleum, together with its subsidiaries, is engaged in the exploration, appraisal, development, and production of oil and gas properties primarily in offshore North West Europe. It produces and sells hydrocarbons. As of May 12, 2014, the company had 40 oil and gas licenses in the United Kingdom, Norway, the Faroe Islands, Ireland, and the Netherlands; and 3 fields in production in the United Kingdom part of the North Sea; 1 field under development; 2 development projects; and various exploration prospects. The company was founded in 1998 and is headquartered in Tórshavn, Denmark.

27 Employees
Last Reported Date: 03/25/15
Founded in 1998

p/f atlantic petroleum (ATLA) Top Compensated Officers

Chief Executive Officer and Chairman of Atlan...
Total Annual Compensation: kr2.3M
Compensation as of Fiscal Year 2013.

p/f atlantic petroleum (ATLA) Key Developments

P/F Atlantic Announces Operation Results for the Month of April 2015

P/F Atlantic announced operation results for the month of April 2015. The company announced that during the month of April, the company produced a net total of 54,000 barrels of oil equivalents (boe) from the Chestnut, Ettrick and Blackbird fields. The average daily production was 1,800 boe per day net to the company.

Atlantic Petroleum Announces Gas Discovery in the Roald Rygg Well 6706/12-3 in the Norwegian Sea, PL 602

Through operator Statoil Petroleum AS in licence PL 602, Atlantic Petroleum is currently completing the drilling of exploration well 6706/12-3. The well is located approximately 12 km west of the Aasta Hansteen field in the northern part of the Norwegian Sea. The purpose of the well was to prove presence of hydrocarbons in reservoir rocks of Late Cretaceous age, with the primary target being the Nise Formation and the secondary target being the Kvitnos Formation. The well encountered a total gas column of c 38 m in the Nise Formation of which c 30 m was in sandstones with very good reservoir quality. In the Kvitnos Formation, the well encountered water-filled sandstones of good reservoir quality. Preliminary volume estimates suggest that the discovery is between 2 and 7 billion Sm3 (c70-250 bcf), very much in line with Atlantic Petroleum?s pre-drill estimates. The licence owners will consider the discovery in light of other nearby discoveries with respect to a tie back to the Aasta Hansteen field. The well was not formation tested, but extensive data acquisition and sampling were performed. This is the first exploration well in licence PL 602. The licence was awarded 13th May 2011 and Atlantic Petroleum formally entered the licence in December 2014. The licence also contains numerous other prospects with seismic hydrocarbon indicators which represent a significant upside potential. Well 6706/12-3 was drilled to a vertical depth of 3,296 m below sea level and was completed in the Kvitnos Formation in the Upper Cretaceous. Water depth is 1,287 m. The well will now be permanently plugged and abandoned. The well was drilled by Transocean Spitsbergen.

P/F Atlantic Petroleum Announces Operating Results for the Month of March 2015

P/F Atlantic Petroleum announced that during the month of March 2015, Atlantic Petroleum produced a net total of 41,000 barrels of oil equivalents (boe) from the Chestnut, Ettrick and Blackbird fields. The average daily production was 1,322 boe per day net to the company. Production on the Chestnut field was impacted during the first half of the month by planned scale squeeze operations. Both production wells are now back on stream.


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