Aberdeen-based Faroe Petroleum, the independent oil and gas company focused on Norway and the UK, said it has mandated Danske Bank, DNB Markets and SEB to arrange a series of fixed income investor meetings starting on November 15.

“Subject to market conditions, a senior unsecured bond issue of $100 million, with an expected tenor of five years may follow,” said Faroe.

“Following the success of Faroe Petroleum’s exploration, appraisal and corporate activities, the company has built a strong and diversified portfolio of producing assets with expected net production of 13-15,000 boepd in 2017, as well as a number of high-quality development projects on the Norwegian Continental Shelf.

“Whilst there can be no certainty that a debt transaction will follow the company’s investor meetings, any debt raised will support the company’s stated goal of increasing materially its profitable production.”