Source Energy has farmed-in to PL 878 with effect from 20 December 2019. The company has taken a 10% interest from operator Equinor (reported by the NPD on 10 January 2020). The licence covers a 361 sq km area over parts of blocks 30/2 and 30/3 north of Oseberg. Equinor will drill a well (30/2-5) on the Atlantis prospect to the north of the abandoned Huldra field (which also lies within PL 878). The shallow gas pilot hole for the well is expected in Q1 2020.  This farm-in follows a similar one in late November 2019 when Wellesley acquired 20% in PL 878, also from Equinor.  Shell was a former partner in PL 878 and exited the licence in February 2019, leaving Equinor with 100% interest.   Huldra was discovered in 1982 by well 30/2-1 and it came onstream in November 2001. It is a rotated fault block structure with a Middle Jurassic Brent Group reservoir lying between 3,500-3,900 m. The reservoir was initially HPHT but compression was required to aid production from 2007. From the Huldra platform wet gas was transported to Heimdal for further processing and export and condensate was exported through Veslefrikk. Production ceased in 2014.  Interest in PL 878 is divided between Equinor Energy AS (70% + operator), Wellesley Petroleum AS (20%) and Source Energy AS (10%).
Equinor (->70% op. Wellesley 20%) transferred 10% of its previous 80% operated stake in PL 878 to Source Energy.