DNO has acquired Shell's 30% equity in PL827 S, effective 30 November 2018. PL827 S applies to stratigraphies above the Late Cretaceous Shetland Group and covers 51.6 sq km on block 35/10, located 5km SW of Vega main field and 7km WNW of Vega Sor. The licence was awarded on 5 February 2016 (APA2015) and has a commitment to reprocess and acquire 3D seismic, followed by a drill-or-drop decision in February 2019. No previous wells have been drilled on the acreage. Equinor also operates PL630 BS which applies to the Cretaceous and older on a 13.3 sq km area within PL827 S. On 31 March 2017 Tullow Oil exited PL827 S with its 40% operator stake taken up by Statoil (now Equinor). Revised PL827 S participants are Equinor Energy AS (70% + Op) and DNO Norge AS (30%).
Norway, PL 827 S