document: Aker BP and Shell have completed a swap deal whereby Aker BP has acquired a 10% interest in PL 1056 and Shell has acquired 20% in PL 1005. PL 1056 covers an area of 4,549 sq km over blocks 6302/1 to 6302/12 in the deepwater More Basin to the west of Ormen Lange. It contains the 2005 Tulipan gas discovery. PL 1005 covers 1,775 sq km over blocks 6404/9, 6404/12, 6405/4, 6405/7 and 6405/10 and contains the 2003 Ellida oil discovery. It is located north of Ormen Lange in the deepwater Voring Basin. The deal was confirmed by the NPD on 10 July 2020 and is effective from 30 June 2020.   Statoil (now Equinor) drilled Tulipan well 6302/6-1 and confirmed gas in the Paleocene Rogaland Group at around 3,900 m below a very thick Quarternary (Naust Formation) North Sea Fan. The find was small and the well was not tested.  Ellida well 6405/7-1, also operated by Statoil, proved oil in the Upper Cretaceous Nise Formation between 2,760 m and 2,823 m, with good oil shows below this depth. However, reservoir quality was generally poor and on test the well flowed only 252 b/d of 31Â°API oil.   Following completion of the deal, interest in PL 1005 is divided between Aker BP ASA (40% + operator), Var Energi AS (40%) and A/S Norske Shell (20%) and interest in PL 1056 is held by A/S Norske Shell (30% + operator), Petoro AS (20%), DNO Norge AS (20%), Wintershall Dea Norge AS (20%) and Aker BP ASA (10%).
summary: Norway (More B.), PL 1056, Aker BP has acquired a 10% stake in PL 1056, 4,549 sq km in the More Basin (blocks 6302/1 + 12, Tulipan discovery), in exchange for Shell getting 20% in PL 1005, 1,775 sq km over blocks 6404/9 + 12, 6405/4, 7 + 10 (Ellida discovery) in the deepwater Voring Basin. The deal is effective 30 Jun '20. PL 1005 partners now Aker BP (op), VÃ¥r + Shell and PL 1056 Shell (op), Petoro, DNO, Wintershall Dea + Aker BP.