Lime Petroleum has withdrawn from PL 762 with effect from 29 June 2018, transferring its 20% interest to Equinor. Lime had announced in January 2018 that it was intending to withdraw from the licence as it did not see this area in the Norwegian Sea â parts of blocks 6608/6, 6608/9, 6609/4 and 6609/7 â as core for the company and it wants to focus its portfolio of assets on and around the Utsira High in the North Sea. The NPD confirmed on 5 July 2018 that the deal was complete. Equinor acquired its first 40% in the licence in April 2018 by way of a deal with Fortis.  PL 762 was awarded in APA 2013 and it covers part of the Traena Sub-basin and the Nordland Ridge to the northeast of Urd and Norne. It contains the 1983 dry hole 6609/7-1 drilled by Phillips. This wellâs objective was the Upper Paleozoic but the Cretaceous Lange Formation sat directly upon the Zechstein Group, which in turn rested on metamorphic Basement. No sands were present in the Paleozoic and there were only traces of migrated hydrocarbons identified in cuttings from the Cretaceous section.   Interest in PL 762 is now held as follows: Aker BP ASA (20% + operator), Equinor Energy AS (60%) and Petoro AS (20%).
Lime Petroleum has withdrawn from PL 762 with effect from 29 June 2018, transferring its 20% interest to Equinor.