The area is located adjacent to the Norwegian border and just west of the Aker BP operated Alvheim hub on the Norwegian continental shelf. The area also comprises the Agar discovery from 2018, in which the Company held a 25% interest until it was relinquished in 2020.
The technical work associated with the area will involve acquiring additional 3D seismic and potentially reprocessing the data to reduce risk and volume uncertainty. The first phase will have a duration of up to two years after which a decision on committing to a well will be made.
