HitecVision-owned Sval Energi has transferred operating responsibility and 30% from its 70% stake in PL1057 to partner Lundin Petroleum (now 60% operator), effective 30 June 2020. This follows Sval's entry into the licence via acquisition of Capricorn Norge from Cairn Energy in February 2020. PL1057 covers 3,721 sq km of Norwegian Sea blocks 6302/2 & 3, 6303/1-3, 6402/11 & 12 and 6403/10-12. The licence was awarded on 14 February 2020 in APA 2020 with an obligation to acquire new 3D seismic and a three year drill decision. TGS commenced acquisition of its 2020 Atlantic Margin Survey programme (AM20) on 25 May 2020, which includes acreage licensed under PL1057 (NPD Survey code TGS20001). The acreage contains dry NFW 6403/10-1 (2002, Statoil, 3,398m) and encountered the targeted Cretaceous Nise Formation, but reservoir was poor. PL1057 partners are now Lundin Energy Norway AS (60% + Op) and Sval Energi AS (40%).
Norway (More B.) PL 1057 op. by SVAL EN (70%), LUNDIN EN (30%). HitecVision-owned Sval Energi has transferred operating responsibility and 30% from its 70% stake in PL1057 to partner Lundin Petroleum (now 60% operator), effective 30 June 2020. This follows Sval's entry into the licence via acquisition of Capricorn Norge from Cairn Energy in February 2020. PL1057 covers 3,721 sq km of Norwegian Sea blocks 6302/2 & 3, 6303/1-3, 6402/11 & 12 and 6403/10-12.