On 30th of November 2018 Petrolia NOCO AS completed the acquisition of a 5% WI in PL 018 C from Petoro AS. 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”. After this transaction Petrolia NOCO AS holds 11.5% WI in the license.
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 January 2018.