document: On 29 November 2019 (reported by the NPD on 5 December 2019) Aker BP took a 40% interest from Spirit in PL 780. The licence covers an 18 sq km area over part of block 16/1, located between Ivar Aasen and Hanz. A well is planned for Q3 2020 on the Sorvesten prospect. Sorvesten is mapped as a rotated fault block with an Upper-Middle Jurassic Vestland Group reservoir. Volumes are expected to be small but chance of success is high and a find could be tied-back to the Aker BP-operated Ivar Aasen field.  Suncor was a partner in PL 780 until August 2019 when it withdrew, passing its 40% interest to Spirit.   The Ivar Aasen oil and gas discovery was made in 2008. A 44 m thick Middle Jurassic Hugin/Sleipner Formation sandstone reservoir with varying reservoir properties was encountered containing light oil with a small gas cap. The field came onstream on 24 December 2016, with Aker BP expecting to recover approximately 210 MMboe (including Asha, Hanz and West Cable). A 20-year field life is anticipated with a daily production capacity of 68,000 boe/d. The field was developed using a manned PDQ platform with capacity for the planned subsea tie-back of Hanz.   Following completion of the deal, interest is divided between Spirit Energy Norway AS (60% + operator) and Aker BP ASA (40%).
summary: Aker BP took a 40% interest from Spirit in PL 780. The licence covers an 18 sq km area over part of block 16/1, located between Ivar Aasen and Hanz. 