Lundin Petroleum is acquiring 30% from one or more PL860 partner(s), as reported on 23 January 2018. Lundin already holds 10% in the licence, which it acquired from Fortis Petroleum on 19 October 2017, when Fortis also farmed out 10% to Lundin in PL539, adjacent to the SE. PL860 lies 30km NE of Valhall Field and 20km N of Hejre Field (Danish sector), and the acreage contains five NFWs drilled from 1982 to 1996, 2/6-1 (dry), 2/6-2 (Permian Zechstein oil shows), 2/6-3 (dry), 2/6-5 (Ekofisk, Tor & Basement oil shows) and 2/9-3 (Early Jurassic Bryne Formation to Triassic oil shows). The licence was awarded in APA 2016 on 10 February 2017 covering 405 sq km in blocks 2/6, 2/9 and 3/4. Partners have identified the Mandal High prospect which is expected to be drilled in 2018. Pending approval of Lundin's 30% equity increase, licence participants are MOL Norge AS (40% + Op), Petoro AS (20%), Statoil Petroleum AS (20%), Fortis Petroleum Norway AS (10%) and Lundin Norway AS (10%). <P />
Lundin Petroleum is acquiring 30% from one or more PL860 partner(s), 