Lundin confirmed on 29 January 2018 that it has agreed a deal with Fortis to acquire the latterâs 10% interest in PL 860. It is understood that Lundin will also acquire a further 20% from another (but as-yet unknown) partner, taking its total interest to 40%. PL 860 was awarded in APA 2016 and covers a 406 sq km area over parts of blocks 2/6, 2/9 and 3/4 to the east of Ekofisk, northeast of Valhall and the northwest of Trym. Operator MOL is intending to drill a well on the Mandal High prospect within the licence later in 2018. Â PL 860 contains the 1997 oil discovery made by 2/6-5.  2/6-5 was drilled by Saga on a structural closure mapped at Top Shetland Group on the northern part of the Mandal High. The well proved oil in a very tight Upper Cretaceous Tor Formation reservoir and also exhibited shows in the Ekofisk Formation and in Basement. Two intervals in the Tor Formation were perforated and flowed after acid stimulation, although only water with 3% oil was produced. Test permeability was just 0.4 mD. Â  Following completion of the Fortis deal, interest in PL 860 will be divided between MOL Norge AS (40% + operator), Lundin Norway AS (20%), Petoro AS (20%) and Statoil Petroleum AS (20%). 
Lundin is acquiring 10% interest in PL 860 from Fortis. Following completion of the Fortis deal, interest in PL 860 will be divided between MOL Norge AS (40% + operator), Lundin Norway AS (20%), Petoro AS (20%) and Statoil Petroleum AS (20%). 