The NPD confirmed on 5 September 2019 that Spirit has acquired 40% interest in PL 780 from Suncor with effect from 14 August 2019. The licence is located in the North Sea covering part of block 16/1. No wells have historically been drilled on the acreage covered by the licence but it is located directly adjacent to Ivar Aasen. PL 780 was awarded during APA 2014.  The Ivar Aasen oil and gas discovery (originally named Draupne) was made in 2008. A 44 m thick Middle Jurassic Hugin/Sleipner Formation sandstone reservoir with varying reservoir properties was encountered containing light oil with a small gas cap. The Aker BP operated field came onstream on 24 December 2016 with the company expecting to recover approximately 210 MMboe (including Asha, Hanz and West Cable). A 20 year field life is anticipated with a daily production capacity of 68,000 boe/d. The field was developed using a manned PDQ platform with capacity for the planned subsea tie-back of Hanz.   Following completion of the deal Spirit Energy Norway AS (100% + operator) is the sole participant in the licence.
Norway (Gudrun Terrace (Viking Graben Province)) Ivar Aasen