Oil and gas discovery near the Balder field

Mol Norge, operator of production licence 820S, has made a discovery near the Balder field in the central part of the North Sea. Oil and gas were found in a number of formations and were successfully tested for about 3,463 boe/d. The potential resources discovered in the main formation are reported to be 12–71mn boe.

Mol Norge holds a 40% working interest and is operator of the 820S licence, partnered by Lundin Norway (40%), Wintershall Dea Norge (10%) and Pandion Energy (10%).