document: Aker BP announced on 31 July 2018 that it will acquire a package of 11 licences from Total in a deal worth USD 205 million. The licences include four discoveries which lie close to existing Aker BP-operated producing fields, therefore adding a total of 83 MMboe (net) which can be developed through tie-backs (Alve North through the Skarv FPSO, Trell and Trine through the Alvheim FPSO and Rind as part of the future NOAKA project). There is further exploration acreage in the southern part of the North Sea close to Aker BPâs Ula field. The licences are: PL 026 (62.13%), PL 036 E (64%), PL 102 C, PL 102 D, PL 102 F and PL 102 G (40%), PL 127 and PL 127 B (50%), PL 127 C (100%), PL 906 (20%) and PL 907 (20%). Completion of the deal is subject to government approval.  Alve North was discovered in 2011 by 6607/12-2 S. Gas and oil were present in the Middle and Lower Jurassic â the Fangst and Bat groups â and the Cretaceous Cromer Knoll Group and recoverable reserves are estimated at 44 MMboe (NPD, December 2017).  Total drilled Trell exploration well 25/5-9 in 2014. A 21 m gross oil column was proven in the Paleocene Heimdal Formation and estimated recoverable reserves are 16 MMbo (NPD, December 2017).  Trine was discovered in 1973 by Elfâs well 25/4-2. The Heimdal Formation contained a 9 m oil column and recoverable reserves are estimated at 24 MMbo (NPD, December 2017).  Rind was previously known as Lille Froy and it was also discovered by Elf. Both 25/2-5 (discovery well, 1976) and 25/2-13 (appraisal, 1990) proved oil and gas in the Middle Jurassic Vestland Group and the Lower Jurassic Statfjord Formation. The NPD (December 2017) gives estimated recoverable reserves of 27 MMboe.  Total currently operates all licences in the deal apart from PL 906 and PL 907 which are operated by Aker BP.
summary: Aker BP announced on 31 July 2018 that it will acquire a package of 11 licences from Total in a deal worth USD 205 million. The licences include four discoveries which lie close to existing Aker BP-operated producing fields, therefore adding a total of 83 MMboe (net) which can be developed through tie-backs (Alve North through the Skarv FPSO, Trell and Trine through the Alvheim FPSO and Rind as part of the future NOAKA project). 