The NPD confirmed on 6 February 2018 that Repsol has acquired Totalâs 7.7% stake in Visund and Visund South with effect from 31 January 2018. Repsol states that this acquisition has increased its Norwegian production by 40% to 30,000 boe/d net. Visund lies within PL 120 and Visund South straddles PL 120 and PL 120 CS. Repsolâs acquired interest in both these two licences is 11%.  The Ministry of Petroleum and Energy, on 1 September 2017, granted approval to Statoil to install a new template at Visund North (considered part of the main Visund field) as part of an IOR project designed to recover a further 11.5 MMboe. Recently acquired 4D seismic has shown that there are additional faults and barriers between the two northernmost segments of the field so new production wells are needed to drain the oil in these segments. The new template, tied-back to the existing Visund North template, will have four slots and two producers will be drilled initially with work expected to start in March 2018. Investment in the project totals NOK 1.45 billion (USD 186 million) and first oil is expected in Q3 2018. Visund South came onstream in November 2012 and was the first of Statoilâs fast-track projects. It was discovered in late 2008 / early 2009 by 34/8-14 S, A, B, C and D and was known at the time as Pan and Pandora. The PDO was approved on 10 June 2011, less than five months after submission (21 January 2011). It has recoverable reserves of 65 MMboe (approximately 25% oil and 75% gas) and was developed using a subsea template with four wells tied-back to Gullfaks C for processing and export.  Visund and Visund South are covered by the Visund Inside business area where interest is now divided between by Statoil Petroleum AS (53.2% + operator), Petoro AS (30%), ConocoPhillips Skandinavia AS (9.1%) and Repsol Norge AS (7.7%). Â  Â 
Norway (Tampen Spur (Viking Graben Province)) Visund