Orlen Group's subsidiary PGNiG Upstream Norway has firmed an agreement with Source Energy to acquire the latter's stake in the Atlantis discovery offshore Norway. Located in the North Sea, the discovery was made by Equinor in July 2020.
According to the agreement, Source Energy is selling its stake in the PL 878, PL 878 B and PL 878 C production licences. The value of the transfer has not yet been disclosed.
Once the deal is approved by the Ministry of Energy, Orlen Group will hold 20% of Atlantis, while the remaining 80% are owned by operator Equinor.
For more information, please visit EICDataStream.