Lundin Petroleum has acquired a further 10% interest in PL539 from exiting partner Fortis Petroleum, effective on 15 February 2018. At the same time Lundin has acquired an additional 10% interest in PL860, adjoining NW of PL539. Lundin previously acquired its 10% interest in PL539 from Fortis Petroleum on 19 October 2017, alongside its initial acquisition of 10% interest in neighbouring PL860. The North Sea licence is 5km W of Trym gas and condensate field on the Central Graben South, and adjacent to the maritime boundary with Denmark. Awarded in APA2009 on 19 February 2010, PL539 originally covered 191 sq km over block 3/7, latterly reduced to 123 sq km. The licence contains the Myrhauk NFW 3/7-10 S (2015, Premier, 3,511m) which was P&A dry after it failed to encounter its primary objective the late Jurassic to Early Cretaceous Ula/Vyl Formation, whilst the Middle Jurassic Bryne Formation secondary objective was uncharged. Det norske acquired previous operator Premier Oil Norge in January 2016. MOL entered the licence in September 2015 via its purchase of Ithaca Petroleum Norge, then acquired the PL539 interests previously held by Suncor (20%), KNOC/Dana (12%), Statoil (20%), and Aker BP (previously Det norske) (40 + Op). On 18 May 2017 then 100% operator MOL, farmed out 20% to Fortis Petroleum. Revised PL539 licence participants are MOL Norge AS (80% + Op) and Lundin Norway AS (20%).
Lundin Petroleum has acquired a further 10% interest in PL539 from exiting partner Fortis Petroleum,