Lundin Petroleum, through its wholly owned subsidiary Lundin Norway, entered into an agreement to farm-out a 30% working interest in PL338C to Lime Petroleum Norway.
PL338C contains the Gemini prospect, which is currently being drilled with the Island Innovator rig.
Following this transaction, and subject to government approval, Lundin Norway will hold an operated 50% working interest in PL338C with Lime Petroleum holding 30% and OMV Norge 20%.