The prospect, in production licence 264, was awarded in the 16th licensing round. Three wildcats have been sunk to the south of Hvitveis with disappointing results.
ExxonMobil had only shot 2D seismic when the bid for PL 264 was submitted. New 3D seismic was shot in 2000, but the interpretation has not made the company overly optimistic.
However, Italy's Agip seems keener, having recently agreed to buy 20% of the licence from ConocoPhillips.
Geologically,
