document: The NPD confirmed on 3 July 2020 that Lundin has increased its interest in PL 1057 by 30%. Lundin acquired the equity from Sval Energi and it also took over operatorship, both effective from 30 June 2020. PL 1057 lies on the margin of the More and Voring basins, to the west of Ellida and Midnattsol and northeast of Tulipan. It was awarded under APA 2019 in February 2020 and covers 3,721 sq km over blocks 6302/2, 6302/3, 6303/1, 6303/2, 6303/3, 6402/11, 6402/12, 6403/10, 6403/11 and 6403/12.   TGS is carrying out its 'Atlantic Margin 20' 3D multi-client survey in summer 2020 which covers PL 1057 and also extends further to the west. Data over an area totalling 5,600 sq km will be acquired over a three-month period starting in late May 2020 using the "Polarcus Adira".  PL 1057 contains the 6403/10-1 exploration well drilled by Norsk Hydro in 2002. The well's targets were the Upper Cretaceous Nise and Springar formations where flat spots had been identified. Its location was in a low structural position on the southern part of the Solsikke dome. No sandstone was present in either formation and, whilst the Nise Formation exhibited high porosity in siltstones, permeability was low. The well was abandoned as a dry hole.   Interest in PL 1057 is divided between Lundin Energy Norway AS (60% + operator) and Sval Energi AS (40%).
summary: Norway (More B.), PL 1057, Lundin has acquired another 30% from Sval Energi and taken over operatorship of PL 1057, 3,721 sq km over blocks 6302/2 + 3, 6303/1, 2 + 3, 6402/11 + 12, 6403/10, 11 + 12, effective 30 Jun '20. Lundin (op, 60%), partner Sval.