German oil company DEA has aligned PL 211 partners and equities with the Dvalin license (PL 435) offshore Norway.
DEA said on Monday that the Dvalin North exploration prospect, formerly known as Henry, in the PL 211 license was located only 10 kilometers north of the Dvalin field. The company became the sole owner of the license in September 2018.
This month, DEA, Edison Norge, and Petoro signed deals that align partners and equities in PL 211 with the DEA operated Dvalin development which simplified a potential future development.
Jon Sandnes , managing director of DEA in Norway, said: “This opens up a unique opportunity in an important area for DEA.
“Going forward, the aim is to mature the Dvalin North prospect and plan for an exploration well in 2020. A successful well gives us the opportunity to bring additional resources into the Dvalin development and further strengthen DEA’s presence in the Norwegian Sea.”
DEA added that the PL211 transactions are dependent on approvals from authorities and were expected to be completed by July 1, 2019.
The PL211 and PL 435 Dvalin partnership is operated by DEA Norge with a 55 percent interest. Petoro and Edison Norge hold 35 and 10 percent respectively.
The Dvalin gas field is located in the Norwegian Sea about 15 kilometers north-west of the Equinor-operated Heidrun platform and 290 kilometers from the Nyhamna process plant.
DEA submitted the plan for development and operation of the Dvalin field to the Norwegian authorities in October 2016, and the plan was approved in March 2017. The first gas from the field is expected in 2020.
The first Dvalin module was installed on the Heidrun platform in May of last year.