Spirit Energy has acquired a further 10% in North Sea licences PL167, PL167 B and PL167 C from Equinor, effective 30 November 2018. Spirit Energy acquired its initial 10% in the licences on 31 August 2018. PL167 contains the Verdandi and Lille Prinsen discoveries, with estimated recoverable resources of 4 to 11 MMboe in Palaeocene Heimdal Formation at Verdandi, and 15 to 35 MMboe at Lille Prinsen, likely in Triassic sands. Potential upside has been identified within thin stringer sands of the Eocene Grid Formation in both discoveries. Lille Prinsen is located 2km S of Verdandi on the Utsira High, and the licence is located 4km NE of Ivar Aasen oil field which came online in December 2016, 5km SE from Hanz oil field which is being developed in the second phase of Ivar Aasen, and 8km NW of Johan Sverdrupp which will be brought into production in Q4 2019. PL167 was awarded in March 1991 in the 13th Licensing Round and originally covered 209 sq km on block 16/1, later reduced to 40.96 sq km in March 2000, and then to its current 21.36 sq km in January 2007. PL167 B was awarded on 2003 covers 3.5 sq km of block 25/10, reduced from 37 sq km when it was converted to a production licence in 2006. PL167 C is in its four year initial phase and was awarded on 2 March 2018 in APA 2017 and covers 13 sq km over block 16/1, E of Ivar Aasen. PL167, B & C licensees are Equinor ASA (60% + Op), Lundin Norway AS (20%) and Spirit Energy Norge AS (20%). 
Spirit Energy has acquired a further 10% in North Sea licences PL167, PL167 B and PL167 C from Equinor, effective 30 November 2018. Spirit Energy acquired its initial 10% in the licences on 31 August 2018. PL167 contains the Verdandi and Lille Prinsen discoveries, with estimated recoverable resources of 4 to 11 MMboe in Palaeocene Heimdal Formation at Verdandi, and 15 to 35 MMboe at Lille Prinsen, likely in Triassic sands. C