DEA has exited PL771 with its 30% WI reassigned to operator MOL which has increased its stake to 70%. MOL has identified the Eidsvoll prospect which spans PL771 and PL617, adjacent to the E, and has a deferred drill-or-drop deadline on both licences in February 2019. There have been three dry NFWs drilled on the acreage under previous licence, one of which had oil shows - 2/8-7 (1975, Amoco). PL771 was awarded on 6 February 2015 in APA 2014 and covers 260.8 sq km in blocks 2/8 and 2/9, 15km E of Valhall Field, and 5km N/NW of Freja and Hejra fields in the Danish sector. Fortis Petroleum exited PL771 & PL617 with its 30% share taken up by MOL in April 2018, before OMV farmed in for 30% from MOL in both licences during May 2018. DEA's departure from PL771 harmonises the equity share with PL617, and revised partners are MOL Norge AS (70% + Op), and OMV (Norge) AS (30%).
DEA has exited PL771 with its 30% WI reassigned to operator MOL which has increased its stake to 70%. MOL has identified the Eidsvoll prospect which spans PL771 and PL617, adjacent to the E, and has a deferred drill-or-drop deadline on both licences in February 2019. 