Lime builds license position offshore Norway

Offshore staff

KUALA LUMPUR, Malaysia - Hibiscus Petroleum’s jointly controlled entity Lime Petroleum Norway AS has agreed to farm into 30% of license PL544 in the central Norwegian North Sea from operator Lundin Norway. The other partner is Bayerngas Norge.

The license is south of the Edvard Grieg field development on the Utsira High, in a water depth of around 100 m (328 ft).

Lundin may drill a well later this year on the Fosen prospect, targeting the Upper/Middle Jurassic reservoir with prospective resources of 192 MMboe.

In addition, the license contains a small Paleocene gas/condensate discovery made in 2007, with further upside thought to exist at this level.


PL544 in relation to Edvard Grieg
(Map courtesy Lundin Petroleum/ Hibiscus Petroleum)

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...