Lundin Petroleum AB, through its subsidiary Lundin Norway AS, has entered into an agreement to farm out a 30% working interest in PL338C, the company said in a Feb. 24 release.
PL338C contains the Gemini prospect which is currently being drilled with the Island Innovator rig.
Lundin Norway signed a farm-out agreement with Lime Petroleum Norway AS whereby Lime Petroleum will acquire a 30% working interest in PL338C.
Following this transaction, and subject to government approval, Lundin Norway will hold an operated 50% working interest in PL338C with Lime Petroleum holding 30% and OMV Norge AS 20%.
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