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Equinor makes Norway oil and gas discovery

COPENHAGEN, March 14 (Reuters) – Equinor (EQNR.OL) has made an oil and gas discovery near the Troll field in the North Sea, believed to contain between 24 million and 84 million barrels of oil equivalent, the company said on Tuesday.

The discovery, which contains slightly more oil than gas, is commercially interesting, partly because it can use existing infrastructure connected to the company’s floating processing and accommodation platform Troll B, Equinor said.

However, an appraisal well is needed to estimate the size of the find and the volumes that can be recovered more precisely, it added.

Named Heisenberg, the find is Equinor’s eight discovery in the Troll field area since 2019.

Equinor holds a 51% stake in the licence while DNO holds 49%, according to Norway’s Petroleum Directorate.

Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik

Our Standards: The Thomson Reuters Trust Principles.

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