This is the seventh find in this area since autumn 2019. The discovery is called Røver Sør and has a preliminary estimate of between 17 and 47 million barrels of recoverable oil equivalent. In this case, oil is the largest part.
“The discoveries near existing infrastructure are important for maintaining oil and gas production from the Norwegian Continental Shelf. They need less volume to be profitable and can be put into production quickly with low CO2 emissions. The proximity to the Trollfield and other discoveries we have made in the area mean that we can already say that it is commercially viable, says Geir Sørtveit, Equinor's Director of Exploration and Production in the West.
The two exploration wells that make up this discovery were drilled by Transocean Spitsbergen.
The six discoveries Equinor has previously made are:
- Echino Sør: 2019
- Swisher: 2020
- Røver Nord: 2021
- Blasto: 2021
- Toppand: 2022
- Kveikje: 2022
There is no certainty about the size of the discoveries, but the average of various estimates gives a total volume of about 350 million barrels of oil equivalent. This corresponds to a medium-sized Norwegian oil field and is the size of the Aasta Hansteen field in the Norwegian Sea.
“Equinor has initiated development projects to develop these discoveries in a coordinated manner, using existing infrastructure, in collaboration with our partners. This discovery will be part of this work, says Sørtveit.
Another exploration well in the area was dubbed Heisenberg. We expect the results of this in March. Further exploration wells are planned in this area later this year.
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Source: Equinor
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