Lundin Petroleum is acquiring 30% in PL825 from an undisclosed partner(s), as released on 23 January 2018. PL825 contains Rungne prospect which is expected to drill in 2018. The licence covers 77 sq km over blocks 30/3 and 30/6 in the North Sea surrounded by Huldra Field to the NW, Veslefrikk to the NE, and Oseberg to the S&SE. Two NFW wells have been drilled on the acreage, 30/6-11 (1983, Norske Hydro, 4,001m) which had oil shows in the Jurassic Brent Group, Cook Formation and Statfjord Group and 30/6-24 S (1991, Norske Hydro, 3,986m) with Jurassic, Dunlin Group and Statfjord oil shows. The Rungne prospect is targeting Early Jurassic Brent Group reservoir in a rotated/tilted fault block up dip from NFW 30/6-11. PL825 was awarded on 5 February 2016 in APA2015. Current equity partners are Faroe Petroleum Norge AS (40% + Op), Fortis Petroleum Norway AS (30%) and Spirit Energy Ltd (Bayerngas/Centrica JV, 30%).
Lundin Petroleum is acquiring 30% in PL825 from an undisclosed partner(s), 