OKEA has agreed to acquire Equinor's 40% operated stake in Aurora discovery licences PL195 and PL195 B, as released on 15 July 2020. The deal will be effective from 1 January 2020, subject to approval by the Ministry of Petroleum and Energy. Aurora gas discovery 35/8-3 (1988, Gulf, 3,944m) is located 24km W of the GjÃ¸a Field and has estimated recoverable resources of 12-28 MMboe in 31.9m net pay (70m gross) of Middle Jurassic Intra Heather Formation sandstone. Average porosity in the reservoir quality sand was 15.6% with an estimated average water saturation of 22%. OKEA intends to develop Aurora via tie-back to GjÃ¸a, and without further appraisal drilling to limit costs. GjÃ¸a is operated by Neptune Energy (OKEA 12% partner) and currently under redevelopment (P1 segment), due online late 2020/early 2021. 6km NE of GjÃ¸a is the Duva Field which is also currently being developed. PL195 covers 30 sq km of block 35/8 and was awarded in the 14th Round on 10 September 1993. PL195 B (15 sq km of block 35/8) adjacent to the SW was awarded in APA 2005 on 6 January 2006. Pending OKEA farm-in completion, PL195/B partners are Equinor Energy AS (40% + Op), Petoro AS (35%) and Wintershall Dea Norge AS (25%).
Norway (Viking Graben Province), PL 195, OKEA has agreed to acquire Equinorâs 40% operated interest in PL195 + 195 B (Aurora discovery) west of GjÃ¸a, deal to be retro-effective 1 Jan '20. Partnership to become OKEA (op), Petoro + Wintershall Dea. Aurora is planned to be tied-in to GjÃ¸a.