The NPD confirmed on 9 May 2018 (effective from 30 April 2018) that Lundin has completed its deal to acquire Statoilâs 20% interest in PL 860. Lundin reported on 1 February 2018 that it had agreed a deal with Fortis to acquire the latterâs 10% interests in PL 539 and PL 860 and its 30% interests in PL 820 S and PL 825. This deal was reported as complete by the NPD on 20 February 2018 (effective from 15 February 2018). Lundin entered PL 539 and PL 860 in late 2017 by acquiring 10% interests from Fortis. PL 539 covers part of block 3/7 to the west of Trym and contains the 2015 Myrhauk prospect dry hole 3/7-10 S. PL 820 S lies between Jotun and Balder, covering parts of blocks 25/7 and 25/8 (below Base Paleocene) and PL 825 lies between Oseberg, Veslefrikk and Huldra covering parts of blocks 30/3 and 30/6. PL 860 covers parts of blocks 2/6, 2/9 and 3/4 to the east of Ekofisk, northeast of Valhall and the northwest of Trym and contains the 1997 oil discovery made by 2/6-5. Operator MOL is intending to drill a well on the Oppdal / Driva prospects on the Mandal High in PL 860 in Q3 2018. Oppdal is mapped to extend south into PL 539 and potential reserves for both prospects are 434 MMboe.   The Myrhauk well was drilled by Premier, targeting the Upper Jurassic Ula Formation and the Middle Jurassic Bryne Formation in a three-way dip closure with up-dip pinchout. Prior to drilling, Premier put potential reserves at 10-135 MMboe with Top Reservoir expected at 3,346 m TVD. However, no Ula Formation was present and the 100 m thick Bryne Formation had 45 m of sands but contained no hydrocarbons.  2/6-5 was drilled by Saga on a structural closure mapped at Top Shetland Group on the northern part of the Mandal High. The well proved oil in a very tight Upper Cretaceous Tor Formation reservoir and also exhibited shows in the Ekofisk Formation and in Basement. Two intervals in the Tor Formation were perforated and flowed after acid stimulation, although only water with 3% oil was produced. Test permeability was just 0.4 mD. Â   Following the completion of both deals interest in PL 539 is held by MOL Norge AS (80% + operator) and Lundin Norway AS (20%), interest in PL 820 S is held by MOL Norge AS (40% + operator), Lundin Norway AS (30%) and Wintershall Norge AS (30%), interest in PL 825 is held by Faroe Petroleum Norge AS (40% + operator), Lundin Norway AS (30%) and Spirit Energy Norge AS (30%) and interest in PL 860 is divided between MOL Norge AS (40% + operator), Lundin Norway AS (40%) and Petoro AS (20%).
Norway (Cod Terrace (Central Graben)) Ula