document: ConocoPhillips has withdrawn from PL 120 B, effective from 29 May 2019, transferring its 13% interest to Equinor. The NPD confirmed the transfer on 5 June 2019. PL 120 B covers a 20 sq km area over parts of blocks 34/7 and 34/8 which include the northern areas of Gimle and Sindre. Production from both fields is temporarily shut-inÂ due to low reservoir pressure. At Gimle, plans to drill a new producer are being evaluated. At Sindre, the problems are compounded by the presence of sealing faults in the reservoir which reduce communication, therefore new drainage strategies are under consideration.  Gimle was discovered in December 2004 by long-reach well 34/10-48 S, which was drilled for a total length of 7,393 m from the Gullfaks C platform and encountered oil in the Middle Jurassic Brent Group. Gimle was developed using three producers and one water injector and it came onstream in May 2006.   Sindre was discovered in early 2017 by exploration well 34/10-55 S (also drilled from Gullfaks C) which proved a 170 m oil and gas column in the Lower Jurassic Statfjord Formation. It has been developed using a single producer. A PDO exemption for the field was granted on 27 March 2017 and the field commenced production in May 2017.  Following the withdrawal of ConocoPhillips, interests in PL 120 B are divided between Equinor Energy AS (72.06% + operator), Petoro AS (16.94%) and Total E&P Norge AS (11%).
summary: ConocoPhillips has withdrawn from PL 120 B, transferring its 13% interest to Equinor (-> 72,07%, Petoro 16,94%, Total 11%)