Lime Petroleumâs parent company Rex International announced on 2 October 2019 that its deal with Wintershall Dea to acquire 30% interests in both PL 838 and PL 838 B, reported initially on 21 June 2019, had received regulatory approval and was expected to complete on 31 October 2019. The licences cover parts of blocks 6507/3, 6507/5 and 6507/6. Operator PGNiG is drilling exploration well 6507/5-9 S on the Shrek prospect in PL 838 in October 2019 and is believed to have made a discovery (as it will drill an appraisal sidetrack). The objectives are the Jurassic Viking, Fangst and Bat groups and partner Aker BP reports prospective resources of 10-22 MMboe. Prospective horizons were identified and de-risked through using the Rex Virtual Drilling tool which focusses on AVO and geological / geophysical analysis. Shrek is located approximately 9 km south of Skarv and, in the event of a commercial discovery, could be tied back to the Skarv facilities.   Skarv is operated by Aker BP. Gas production began on 1 January 2013 and oil production commenced three months later. Skarv was developed using an FPSO and five subsea templates, with tanker offtake for oil and gas piped through an 80 km line into the Asgard Transport System and on to the European market. The field has an expected field life of 25 years.   Following completion of the deal interest in PL 838 and PL 838 B will be held by PGNiG Upstream Norway AS (40% + operator), Aker BP ASA (30%) and Lime Petroleum AS (30%).
Rex International Holding subsidiary Lime Petroleum acquired a 30% stake in two licences PL 838 and PL 838B from Dea (->0%, PGNiG op.40%, AkerBP 30%). 