Faroe Petroleum has won three new exploration licenses in the Norwegian Sea through the 2010 licensing round in Oslo.

The UK-based oil and firm now has a 30% stake in the PL475CS license, which contains the northern and southern extensions to the Maria Discovery (PL475BS).

A successful drilling program in 2010 found Maria to be a significant discovery that also hosts a new lead known as Migra.

In addition, Faroe has also received a 30% stake in the PL590 license, which is located to the north of the Maria discovery and the Santana prospects.

Apart from this, it also won a 50% stake in the PL592 license, immediately north of the Fogelberg discovery, which contains the Grayling prospect within the Lower Cretaceous sands, which is slated to be drilled in the second quarter of 2011.