Equinor makes oil find in Norwegian Sea

Equinor, together with partners PGNiG Upstream Norway and Longboat Energy Norway, has made a discovery of oil.

Preliminary estimates show that between 3 and 10 million standard cubic meters of recoverable oil equivalents have been proven in the well, corresponding to 19-62 million barrels.

“Our ambition is to transform the shelf from an oil and gas province to a broad energy province that will ensure value creation from the shelf in the decades to come. In this ambition, our exploration activities are central,” said Kristin Westvik who is area director for Exploration and Production North.

She added that future value creation will largely come from increased recovery from existing fields, and connection of new discoveries close to existing infrastructure.

The well was drilled about 10 kilometers north of the Tyrihans field and 23 kilometers east of the Kristin field in the Norwegian Sea. The aim of the well was to detect hydrocarbons in sandstone reservoirs of the late Cretaceous age in the Lange Formation.

In a statemen, Equinor said that extensive data collection and sampling has been performed. The preliminary analysis of the MDT samples indicates a light oil.

This is the first exploration well in production license 939, which was awarded in 2017.