Atlantic Petroleum considers sale or merger

The struggling Faroese oil company Atlantic Petroleum has launched a process to take a closer look at the company's strategic opportunities, including a sale or merger.

Oil company Atlantic Petroleum, of the Faroe Islands, which is currently under massive pressure from the low oil price, has launched a process aimed at looking closer into the company's strategic opportunities - including for instance the possibility of a sale or merger, says the company in a statement on Monday.

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