Norway: Lundin, Marathon join RWE off Norway

Lundin Petroleum AB and Marathon Petroleum Norge AS will each take farmouts from RWE Dea Norge AS to earn 30% interests in PL330 in the northern Norwegian Sea off Norway.

By OGJ editors
HOUSTON, May 25
– Lundin Petroleum AB and Marathon Petroleum Norge AS will each take farmouts from RWE Dea Norge AS to earn 30% interests in PL330 in the northern Norwegian Sea off Norway.

PL330 covers 740 sq km and comprises blocks 6608/1 & 2. It is in an underexplored part of the Norwegian Sea where structures with significant hydrocarbon potential have been identified, Lundin Petroleum said.

RWE Dea is the operator of the license with a 40% interest. The transaction is subject to approval by the Norwegian government.

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