Equinor and its license partners Source Energy AS and Wellesley Petroleum AS have made a gas and condensate discovery in exploration well 30/2-5 S Atlantis, according to a press release.

Initial findings estimate the proven reserves to be between 3 and 10 million cubic meters (mcm) of recoverable oil equivalent, which correspond to 19-63 million barrels of oil equivalent (mmboe).

Speaking on the discovery, Nick Ashton, Equinor’s vice president for exploration in Norway and the UK, said, “It is encouraging to see that we are able to keep proving more resources in one of the most mature areas on the Norwegian continental shelf. Now we will work on evaluating the potential for profitable and CO2 efficient recovery.”

This is the first exploration well to be drilled in production license 878. The license was awarded in the Awards in Predefined Areas 2016 (APA 2016). The license owners will now decide whether to pursue discovery in the area.

The well was drilled by the West Hercules drilling rig, approximately 17 kilometers south of the Kvitebjørn field, which is 10 kilometers north of Huldra.