document: Lime Petroleumâs parent company Rex International announced that Lime signed an agreement on 21 June 2019 to acquire Wintershall Deaâs 30% interest in PL 838 and PL 838 B. The licences cover parts of blocks 6507/3, 6507/5 and 6507/6. Operator PGNiG will drill exploration well 6507/5-9 S on the Shrek prospect in PL 838 in October 2019. The well will be drilled using the âDeepsea Nordkappâ S/S to a TD of 2,303 m over the course of around 24 days. The objectives are the Jurassic Viking, Fangst and Bat groups and partner Aker BP reports prospective resources of 10-22 MMboe. If the well is successful a sidetrack is planned. Prospective horizons were identified and de-risked through using the Rex Virtual Drilling tool which focusses on AVO and geological / geophysical analysis. Shrek is located approximately 9 km south of Skarv and, in the event of a discovery, could be tied back to the Skarv facilities. The deal is subject to regulatory approval.   Skarv is operated by Aker BP. Gas production began on 1 January 2013 and oil production commenced three months later. Skarv was developed using an FPSO and five subsea templates, with tanker offtake for oil and gas piped through an 80 km line into the Asgard Transport System and on to the European market. The field has an expected field life of 25 years.   Following completion of the deal interest in PL 838 and PL 838 B will be held by PGNiG Upstream Norway AS (40% + operator), Aker BP ASA (30%) and Lime Petroleum AS (30%).
summary: Lime Petroleumâs parent company Rex International announced that Lime signed an agreement on 21 June 2019 to acquire Wintershall Deaâs 30% interest in PL 838 and PL 838 B. 