Sval Energi has farmed-in to PL 889 by taking a 10% interest in the licence from operator Neptune. Sval will cover 20% of Neptune's costs for the imminent Grind exploration well. In the event of a dry hole this will be capped at NOK 45 million but could increase to NOK 85 million if a discovery is made and the well is sidetracked. Neptune reported in early March 2020 that the deal had been completed on 28 February 2020.   Grind exploration well 6507/8-10 S is located approximately 10 km east of Heidrun and 15 km east of Canela and has Jurassic Garn, Ile and Tilje Formation objectives. Planned TD is 2,479 m (2,439 m TVD) and planned duration is up to 67 days (if the sidetrack, which would have a TD of 2,533 m, is drilled). Neptune is expecting to encounter oil similar to that found at Heidrun and the key risk is migration.   Interest in PL 889 is now divided between Neptune Energy Norge AS (50% + operator), Equinor Energy AS (20%), Wellesley Petroleum AS (20%) and Sval Energi AS (10%).
Norway (Donna and Halten Terraces (Voring B.)) Heidrun