RWE Dea Norge has signed an agreement with Wintershall Norge to acquire a 10% equity in production licence (PL) 418 in the North Sea.
The first well (35/9-7) in PL418 is located 14km south-west of the Gjøa field, off the coast of Norway, and will test the hydrocarbon potential of the Skarfjell prospect.
RWE Dea Norge managing director Hans-Joachim Polk said: "We are very pleased to have concluded this agreement with Wintershall and look forward to working with them as partner in this license.
"The agreement supports our goal, to sustain our presence near the North Sea Titan discovery in the Gjøa region."
RWE Dea’s license portfolio consists of operated discoveries Titan, in the North Sea, and Zidane, in the Norwegian Sea.