In 2020, DNO took a £69 million charge on the value of Brasse, even while maintaining that the field was still commercial.
DNO, which took over Aberdeen-based Faroe Petroleum last year, has taken £112million of impairments costs related to its newly-acquired fields in the North Sea.
Faroe Petroleum revealed today that its Brasse East exploration well in the Norwegian North Sea had not hit oil.
Aberdeen-based Faroe Petroleum has announced a 20% increase in reserves during an operational update for 2018.
Faroe Petroleum today confirmed "outstanding" flow rates for its latest appraisal well on the Brasse discovery in the Norwegian North Sea.
Faroe Petroleum this morning confirmed the success of its latest North Sea appraisal well.
Faroe Petroleum confirmed it was streamlining its efforts to focus on its "high quality" Brasse discovery.
Faroe Petroleum today confirmed its Brasse oil and gas discovery in the North Sea.
Faroe Petroleum has made an oil discovery in its Brasse licence in the Norwegian North Sea.
Faroe Petroleum has kick-started drilling on its latest North Sea well.