Lundin Petroleum has acquired Fortis Petroleum's entire 30% interest in PL820 S, effective on 15 February 2018. Awarded in APA 2015, licence PL820 S commenced on 5 February 2016 and covers 48 sq km in blocks 25/7 and 8. The licence sits 1km NW of Balder and 2km SW of Eitri fields. A NW portion of PL820 S in Jette field area has a stratigraphic vertical limitation to below Base Paleocene, thus excluding the shut-in Jette oil field (Aker BP). The work obligations of reprocessing 3D seismic and acquisition of new 3D seismic have been met, with a drilling decision due in February 2018 but yet to be confirmed. Within PL820 S, and 1.5km S of Jette, is NFW 25/8-13 (2001, Esso, 2,276m) drilled under PL027 B, which was P&A dry after reaching TD within the Early Jurassic Statfjord Group. Revised PL820 S licence participants are MOL Norge AS (40% + Op), Wintershall Norge AS (30%) and Lundin Norway AS (30%).
Lundin has agreed to acquire 30% from Fortis (-> 0, MOL 40% op, Wintershall 30%) in PL 820 S.