Sandnes Formation News Today

Lime Petroleum AS, a subsidiary of Rex International, has completed the acquisition of a 10 percent stake in the Yme offshore…

Lime Petroleum has entered into a sale and purchase agreement with KUFPEC to acquire its 10 percent interest in the Yme Field for $68.1 million.

?Lime Petroleum has entered into a sale and purchase agreement with KUFPEC Norway to acquire KUFPEC’s 10 per cent interest in the Yme Field in the Norwegian North Sea, for a post-tax consideration of US$68.053 million (about NOK 633 million).

Lundin Energy is wrapping up the drilling of a wildcat well southeast of the Johan Sverdrup field in the North Sea after no hydrocarbons were found.

Lundin Energy Norway, operator of production licence PL 976, is in the process of concluding the drilling of wildcat well 17/8-1. The well, which was drilled about 70 kms southeast of the Johan Sverdrup field in the North Sea, failed to encounter hydrocarbons and will be permanently plugged and abandoned.

Swedish oil and gas company Lundin Energy has drilled a dry well at the Dovregubben prospect in the North Sea, offshore Norway…