On 5 June 2019 the NPD confirmed that Equinor has taken 60% of Suncorâs interest in PL 375 and has assumed operatorship of the licence (effective from 29 May 2019). PL 375 covers part of block 34/4 and contains the Beta and Beta Brent discoveries where development studies are ongoing. Suncor confirmed that submission of the PDO has been postponed by two years and is now due in February 2022. Previously, a tie-back to Snorre had been considered but had been deemed uneconomic.  In 2000 Saga made the Middle Jurassic Brent Group Delta oil discovery with 34/4-10 R. This has now been re-named Beta Brent. Ten years later Petro-Canada (now Suncor) drilled 34/4-11 to the northeast and encountered oil in the Brent and Statfjord formations in the Beta structure. The find was appraised in early 2011 by 34/4-13 S and oil was tested from the Statfjord Formation at 10,064 b/d through a 28/64â choke. In 2012 Suncor drilled appraisal well 33/6-3 S 9 km southwest of 34/4-11 targeting Beta Statfjord South but although the Lower Jurassic Statfjord Formation objective was encountered it was dry. Its Beta Statfjord North appraisal well 34/4-14 S, drilled in 2015, was also a dry hole.   The NPD (December 2018) quotes recoverable volumes of 24 MMbo plus 11 Bcfg in Beta but does not provide a figure for Beta Brent (it considers that production is unlikely).  Interest in PL 375 is held by Equinor Energy AS (60% + operator), Suncor Energy Norge AS (20% + operator) and Var Energi AS (20%).
Suncor has assigned 60% + Op from its 80% stake to Equinor (->60% + Op, VÃ¥r Energi 20%, Suncor 20%) in PL 375. 