The NPD confirmed on 9 June 2018 that DEA has transferred its 30% interest in PL 771 to operator MOL with effect from 31 May 2018. This deal follows two earlier deals relating to PL 771 and also PL 617: in April 2018 Fortis withdrew from both licences, transferring its 30% interest to MOL. MOL then passed this equity to OMV with effect from 22 May 2018. The licences are located immediately east of Valhall on the Norwegian / Danish border. PL 617 covers 112 sq km over part of block 2/9 and PL 771 covers 260 sq km over parts of blocks 2/8 and 2/9.   Valhall was discovered in 1975 by well 2/8-6 drilled by Amoco and first oil was produced in October 1982 from the fieldâs Upper Cretaceous chalk reservoir (Tor and Hod formations). By January 2017 the field, together with Hod, had produced 1 Bboe, more than three times what was expected in the original PDO. The operator has ambitions to produce at least another 500 MMboe over the fieldâs lifetime.    Following completion of all deals, MOL Norge AS operates both PL 617 and PL 771 with a 70% interest and is partnered by OMV (Norge) AS (30%).
DEA has transferred its 30% interest in PL 771 to operator MOL with effect from 31 May 2018. This deal follows two earlier deals relating to PL 771 and also PL 617: 