Petrolia NOCO and Concedo each transferred 10% equity in PL882 to Idemitsu Petroleum during late December 2019. The licence partners plan to drill NFW 34/4-15 S over the Dugong prospect in Q1 2020, targeting the Late Triassic Top Statfjord Formation sandstone, with PTVD of 3,618m. PL882 was awarded in APA 2016 on 10 February 2017 and covers 135 sq km over part blocks 34/4 and 33/6 in the northern North Sea. Revised PL882 participants are Neptune Energy Norge AS (40%), Concedo ASA (20%), Petrolia NOCO AS (20%) and Idemitsu Petroleum Norge AS (20%).
Petrolia NOCO (->20%, Neptune 40% op.) and Concedo (->20%) each transferred 10% equity in PL 882 to Idemitsu Pet.