Skagen44 has been awarded a new exploration license in the APA2017 round. PL909 has Repsol as operator with 70%, with Skagen44 holding 30%. The licensees will aim to mature leads and prospects for drilling, and the business model is to find oil that can be phased into the Yme production facilities. Repsol has recently decided to resume oil production with its partners in the Yme area. Skagen44 is also excited to extend its long relationship with Repsol, in an area considered to be under-explored.