PGNiG to buy Total’s King Lear interest

PGNiG Upstream Norway said it will acquire Total E&P Norge’s 22.2% interest in King Lear gas and condensate field under development in the Ekofisk area of the Norwegian North Sea.

PGNiG Upstream Norway said it will acquire Total E&P Norge’s 22.2% interest in King Lear gas and condensate field under development in the Ekofisk area of the Norwegian North Sea.

Operator Aker BP bought the remaining 77.8% interest in the field from Equinor last October for $250 million and plans to develop it as a satellite to Ula field (OGJ Online, Oct. 15, 2018).

King Lear is 50 km south of the three-platform Ula complex, which handles production from Aker BP’s Tambar and Tambar East satellites and third-party fields.

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