Equinor Makes Oil-And-Gas Find in Norwegian Sea
By Dominic Chopping
Equinor ASA said Wednesday that, along with partners Total SE
and Var Energi AS, it has made an oil-and-gas discovery in the
Tyrihans field in the Norwegian Sea.
The Norwegian oil-and-gas major said recoverable resources are
estimated at between 3.0 million and 4.2 million standard cubic
meters of recoverable oil equivalent, corresponding to 19
million-26 million barrels of oil equivalent.
The licensees consider the discovery commercial and intend to
start production immediately.
"Thanks to the location we are able to put the discovery on
stream over the Tyrihans field immediately, which will both ensure
good profitability and low carbon-dioxide emissions from
production," said Nick Ashton, Equinor's senior vice president for
exploration on the Norwegian continental shelf.
Write to Dominic Chopping at firstname.lastname@example.org
(END) Dow Jones Newswires
April 21, 2021 04:50 ET (08:50 GMT)
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