Equinor Makes New Discovery in the North Sea

Equinor Makes New Discovery in the North Sea

Equinor has announced that it has made a new discovery in the Troll/Fram area in the northern North Sea with volumes estimated at between 9 and 35 million barrels of oil equivalent (mmboe)

The company said that this is the ninth successful well in this area in 12 attempts since 2019.

The discovery has both oil and gas, but it is mostly oil. The licensees regard the discovery as commercial and will consider tie-back to other discoveries and existing infrastructure in the area.
Equinor is the operator of the license, while Vår Energi, INPEX Idemitsu Norge and Neptune Energy Norge are partners.
Om this occasion, Geir Sørtveit, Equinor’s senior vice president for Exploration & Production West said “It is positive that we can still make such discoveries in an area with a good oil and gas infrastructure, allowing the discoveries to be developed at low costs and with low CO2 emissions.”

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