Chevron is withdrawing from its last Norwegian licence, namely PL 859 (Korpfjell), 3,409 sq km in the SE Barents Sea, its 20% in the Equinor-operated permit heading to DNO in a move cleared by the authorities. Partners are committed to drill the Korpfjell Deep prospect, PTD 4,000m, scheduled 2019. Equinor (op), partners-to-be Petoro, Lundin + DNO.
DNO has reached agreement with Chevron to bay itâs 20% interest (only asset in the country) in PL 859 licence (Equinor op. 30%, Petoro 20%, Lundin 15%, ConocoPhillips 15%).