document: The previous licence holders in PL 019 F (Repsol 61%, INEOS 34% and KUFPEC 5%) have all withdrawn with effect from 31 January 2020 (reported by the NPD on 6 February 2020). Their interests have been acquired by Aker BP (55%) and DNO (45%) and Aker BP has assumed operatorship. This deal aligns the interests in PL 019 F with PL 065 which lies immediately to the west. PL 019 F (3 sq km of block 2/1 which was split from PL 019 B in December 2018) contains the southeasterly extension of Tambar which lies mostly in PL 065.   Tambar was discovered in 1983 by 1/3-3. It is located on the Ula Trend at the eastern margin of the Central Trough, between Gyda and Ula and is a hanging wall trap formed by the extension and minor contraction of a late Jurassic fault array. Tambar has been developed as a tie-back to the Ula Field, some 16 km to the northwest. The development uses a remotely controlled wellhead facility without processing equipment. The field was granted a lifetime extension until 1 January 2022 by the NPD on 8 July 2016. In the original PDO, approved on 15 July 2001, the lifetime of the facility was defined as 15 years, meaning it was due to expire on 15 July 2016. In 2018 two new infill wells, targeting undrained areas in the north and south of the field as part of re-development work, were completed and initial performance exceeded pre-drill expectations. This, plus the implementation of gas lift in three existing wells, will extend the lifetime of the field from 2018 to 2028, with the potential for it to be extended again in the future. The upgrade is targeting reserves of 27 MMboe, producing an additional 4,000-6,000 boe/d, and total investments were forecast at approximately NOK 1.7 billion (USD 205 million).  Interest in PL 019 F is now held by Aker BP ASA (55% + operator) and DNO Norge AS (45%).
summary: The previous licence holders in PL 019 F (Repsol 61%, INEOS 34% and KUFPEC 5%) have all withdrawn. Their interests have been acquired by Aker BP (55%) and DNO (45%) and Aker BP has assumed operatorship.