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 dominic.chopping@wsj.com

(END) Dow Jones Newswires

April 21, 2021 04:50 ET (08:50 GMT)

Equinor ASA (NYSE:EQNR)
Historical Stock Chart
From Mar 2024 to Apr 2024