Equinor Makes Further Oil and Gas Discovery Near Troll Field in North Sea
March 14 2023 - 6:14AM
Dow Jones News
By Dominic Chopping
Equinor ASA said Tuesday that it has made a further oil and gas
discovery near the Troll field in the North Sea, marking its eighth
discovery in the area since 2019.
The Norwegian energy major said volumes are estimated at between
24 million and 84 million barrels of oil equivalent, with slightly
more oil than gas.
Equinor is operator of the discovery and DNO ASA is a
partner.
"Our Troll exploration play keeps delivering. With discoveries
in eight out of nine exploration wells, we are approaching a
success rate of 90%," said Geir Sortveit, Equinor's senior vice
president for exploration and production west.
"We plan to further explore the area, while looking at possible
development solutions for the discoveries that have been made."
The company said the discovery can utilise existing
infrastructure connected to the Troll B platform. However, an
appraisal well is needed to get a more precise estimate of the size
before it can be concluded whether the volumes can be
recovered.
The parties are considering drilling the appraisal well in
2024.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
March 14, 2023 05:59 ET (09:59 GMT)
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