Norway's oil and gas company DNO increased its stake in Faroe Petroleum by 2.32 percent to 27.68 percent on Thursday, the company said.
Earlier on Wednesday the company announced that it had bought a 15.37 percent holding in the British company from Israel's Delek Group and 10 percent more from other shareholders totaling 25.37 percent.
Following the three transactions, DNO will own 101,503,663 shares representing 27.68 percent of the outstanding shares in Faroe Petroleum.
Faroe Petroleum is an independent oil and gas company listed on the U.K.'s Alternative Investment Market since 2003 and is focused on exploration, appraisal and production activities in Norway and the U.K.
At the year-end 2017, Faroe Petroleum had stated reserves of 97.7 million barrels of oil equivalent (MMboe) and an average daily production of 14,300 boe in 2017.
By Murat Temizer
Anadolu Agency
energy@aa.com.tr