document: The NPD reported on 8 November 2018 that Equinor has transferred its 6.65% equity in PL 018 C and PL 018 DS to Petrolia with effect from 31 October 2018. The licences cover the same 24 sq km area over the southerly part of block 1/5 and contain the eastern extent of Flyndre. PL 018 C applies above Top Ekofisk and below Base Hidra. PL 018 DS applies from Top Ekofisk to Base Hidra.  Flyndre straddles the UK / Norway border (with 7% in Norway) and was discovered in 1974 by Phillips Petroleum with Norwegian well 1/5-2. The fieldâs reservoir is the Paleocene Balmoral Sandstone at around 3,000 m. Flyndre started production in March 2017 using a single horizontal well as a subsea tie-back to the Clyde platform in the UK. From Clyde the produced oil and gas is exported to the Teeside and St Fergus terminals. When the field came onstream it was expected to produce up to 10,000 bo/d and was planned to remain onstream until at least 2023. However, production has been lower than forecast and pressure is declining faster than anticipated.    Interest in PL 018 C is now held by Total E&P Norge AS (88.35% + operator), Petrolia NOCO AS (6.65%) and Petoro AS (5%) and interest in PL 108 DS is divided between Total E&P Norge AS (60.01% + operator), Production Energy Company AS (15%), Aker BP ASA (13.34%), Petrolia NOCO AS (6.65%) and Petoro AS (5%).
summary: Equinor has transferred its 6,65% equity in PL 018 C and PL 018 DS to Petrolia. Interest in PL 018 C is now held by Total (88.35% + op), Petrolia (6.65%) and Petoro AS (5%) and interest in PL 108 DS is divided between Total (60.01% + op), Production Energy Company AS (15%), Aker BP (13.34%), Petrolia (6.65%) and Petoro AS (5%).