On 28 January 2019 Lundin announced that it has agreed a deal with Lime to acquire the latterâs 30% interest in PL 338 C (covering the Rolvsnes discovery) and PL 338 E and 20% interest in PL 815 which contains the Goddo prospect. As part of the deal Lundin will make a cash payment of USD 43 million to Lime plus a contingent payment of USD 2 million. Rolvsnes has estimated recoverable reserves of 14-78 MMboe while the combined Rolvsnes and Goddo area is thought to have a resource potential in excess of 250 MMboe. The deal, which is subject to government approval, will be effective from 1 January 2019.  Lundin drilled an appraisal well at Rolvsnes over the summer of 2018. 16/1-28 S encountered 2,500 m of fractured and weathered Basement in a horizontal section. A 10 day test flowed at a maximum rate of 7,000 bo/d through a 52/64â choke. During the five-day main flow period production was maintained at a rate of approximately 4,200 bo/d. The test results indicate that the reservoir has good productivity supported by aquifer pressure. Rolvsnes is considered a potential tie-back candidate to Edvard Grieg.  The Goddo prospect will be drilled in 2019. Goddo is proposed as a geological continuation of Rolvsnes and the same OWC (at 1,928 m subsea) is expected. The exploration well will be hoping to find the same fractured, weathered Basement reservoir which is present in Rolvsnes.  Following completion of the deal, interest in PL 338 C and PL 338 E will be divided between Lundin Norway AS (80% + operator) and OMV (Norge) AS (20%) and interest in PL 815 will be split between Lundin Norway AS (60% + operator), Concedo ASA (20%) and Petoro AS (20%).
Norway (Utsira High (Horda Platform)) Rolvsnes