Equinor Makes Oil and Gas Discovery in North Sea
February 09 2023 - 3:52AM
Dow Jones News
By Dominic Chopping
Equinor ASA said Thursday that it has made an oil and gas
discovery close to the Troll field in the North Sea, with
preliminary estimates putting the size of the find between 17
million and 47 million barrels of recoverable oil equivalent, the
majority of which is oil.
The Norwegian energy major said the new discovery, called Rover
Sor, is the seventh discovery in the area since 2019, with work
underway to coordinate the development of them by utilizing
existing infrastructure.
"Discoveries close to existing infrastructure are important to
maintain oil and gas production from the Norwegian continental
shelf," Geir Sortveit, Equinor's senior vice president for
exploration and production west operations, said.
"They need smaller volumes to be profitable and can be put on
stream quickly with low carbon emissions. As this discovery is
close to the Troll field and other discoveries we have made in the
area, we can already now state that it will be commercial."
Equinor is operator of the production license and partners are
DNO ASA, Wellesley Petroleum and Petoro.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
February 09, 2023 03:37 ET (08:37 GMT)
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