KUALA LUMPUR, Malaysia – Lime Petroleum Norway has agreed to acquire EnQuest Norge’s 50% stakes in licenses PL760 and PL760B in the Norwegian Sea.
Total operates both licenses, which are 25 km (15.5 mi) west of Statoil’s Norne oil and gas field in a water depth of 370 m (1,214 ft).
The adjacent Marulk gas field produces from Cretaceous reservoirs similar to those targeted in the two concessions.
Drilling could start in 2016 or 2017. A drill decision is due to be taken next February.