Equinor Finds Oil and Gas in the North Sea

Estimated read time 2 min read

(Energy Analytics Institute, 15.Nov.2024) — Norway’s Equinor said an exploration well with sidetrack has been drilled about 10 km north of the Troll field in the North Sea where petroleum was struck in both well trajectories.

The discovery is estimated to hold between 13-28 million barrels of oil equivalent (MMboe), the company announced 15 Nov. 2024 in an official statement.

The well was drilled by the Deepsea Atlantic semi-submersible rig.

Both oil and gas were discovered, slightly more than 50% being gas. The discoveries were made on the Rhombi prospect, according to Equinor.

Equinor said the license owners will consider tie-in to existing infrastructure and other prospects in the area.

“This is an exciting discovery in one of our core areas that has well-developed infrastructure for both oil and gas. We are actively exploring in this area and have made many discoveries here in recent years,” Equinor’s senior vice president for Exploration & Production West in Norway Geir Sørtveit (pictured herewith) said in the statement. “We are now working on how these discoveries can best be developed to achieve good resource utilization, good profitability and low emissions.”

This is the first discovery in this area in 2024, apart from an appraisal well in a previous discovery. The discovery is located in the part of the North Sea where a total of 12 discoveries were made between 2018-2023.

The license owners include: Equinor Energy AS (WI 45%), Vår Energi ASA (WI 40%), and INPEX Idemitsu Norge AS (WI 15%).

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By Editors at Energy Analytics Institute. © Energy Analytics Institute (EAI). All Rights Reserved.

ENERGY ANALYTICS INSTITUTE (EAI) https://energy-analytics-institute.org

Energy Analytics Institute (EAI), formerly LatinPetroleum (dba LatinPetroleum.com), is a Houston-established private organization with a satellite presence in Calgary and Mexico City. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.

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