On 31st of October 2018 Petrolia NOCO AS completed the acquisition of a 6.541% WI in PL 018 C from Equinor ASA. Whilst the transfer relates to Norwegian license interests, license PL 018 C forms part of a cross-border unitised interest known as the “Flyndre Field”.
The Flyndre Field is an oil- and gas producing field on the border between the Norwegian and UK sectors in the North Sea, 35 km northwest of the Ekofisk Field. The field is operated by Total Oil UK Limited.
The effective date for the transaction is 1st of January 2018.