Equinor: big oil discovery in North Sea
(CercleFinance.com) - Equinor and its partners Vår Energi, Idemitsu Petroleum and Neptune Energy have made the largest hydrocarbon discovery of the year on the Norwegian Continental Shelf (NCS), Equinor announces.
Preliminary estimates place the size of the discovery at between 12 and 19 million cubic metres of recoverable oil equivalent, or between 75 and 120 million barrels.
Nick Ashton, Equinor's senior vice president for exploration in Norway, said the discoveries over the past 18 months revitalise one of the most mature areas of the NCS and will create significant value for the company.
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Preliminary estimates place the size of the discovery at between 12 and 19 million cubic metres of recoverable oil equivalent, or between 75 and 120 million barrels.
Nick Ashton, Equinor's senior vice president for exploration in Norway, said the discoveries over the past 18 months revitalise one of the most mature areas of the NCS and will create significant value for the company.
Copyright (c) 2021 CercleFinance.com. All rights reserved.