The NPD confirmed on 30 May 2020 that both Petrolia and Wintershall Dea have withdrawn from PL 937 (9 January 2020) and PL 937 B (23 January 2020), with their interests (both 30%) transferring to operator INEOS. INEOS subsequently completed a deal with Lime Petroleum on 29 May 2020 whereby the latter has acquired 15% in each licence. PL 937 lies to the south of Fenja covering parts of blocks 6306/2 and 6306/3 and PL 937 B is located immediately east of Fenja (part of block 6406/12). An exploration well is planned in 2021 which will target the Fat Canyon prospect.   Fat Canyon lies updip from Fenja. It is an Upper Jurassic pinchout play which could contain potential recoverable resources of over 200 MMboe. The prospect is supported by Lime's parent Rex International Holding's Rex Virtual Drilling technology.   Neptune's Fenja field (consisting of Upper Jurassic fan systems in the Pil and Bue accumulations), is under development. The company will develop Pil initially, using a subsea tieback to the Njord A platform. The development will use two subsea templates hosting three horizontal producers, two water injectors and a single gas injector. Oil will be processed on Njord A before being transferred to Njord B for onward export via shuttle tanker. Gas will initially be re-injected into the Pil reservoir and will later be exported via Njordâs connection to the Asgard Transport System. Recoverable reserves are approximately 97 MMboe. Plateau production is expected to be approximately 40,000 bo/d and gas production expected to peak at approximately 100 MMcf/d between 2025 and 2036. Total investment costs are approximately NOK 10.2 billion (USD 1.22 billion), with first oil scheduled for H1 2022 and a 16-year life forecast. Bue represents upside and will be confirmed by Pil development wells before it is potentially brought into production at a later date.  Interest in both PL 937 and PL 937 B is divided between INEOS E&P Norge AS (85% + operator) and Lime Petroleum AS (15%).
After withdrawal of Wintershall DEA and Petrolia from PL 937 + 937 B their 30% have transferred to Ineos (->85% op, Lime 15%), total 369 sq km on the FrÃ¸ya High.