Faroe Petroleum chief executive Graham Stewart earned pay, bonus and other benefits worth £628,000 in 2011, up from £571,000 the year before, the Aberdeen oil company’s latest annual report shows.
Fellow executive directors Helge Hammer and Iain Lanaghan earned packages worth £497,000 and £440,000 last year respectively, up from £448,000 and £426,000 previously.
Faroe recently reported pre-tax profits of £14.3million for 2011, compared with losses of £26million in 2010.