Equinor in offshore find
Norway Well 16/1-29 S, dubbed “Lille Prinsen,” encountered about 95 metres of hydrocarbons estimated to contain between 15 million and 35 million boe in its main target. It also made “one additional discovery with very good reservoir quality over the main discovery,” whose volume has not yet been estimated.
“This is a good discovery which we expect will be commercial,” Nicholas Ashton, the company’s senior vice president for exploration in Norway and the UK, said in a statement. “In addition, the results from the drilling indicate an upside potential in this discovery.”
Equinor operates the PL 167 licence with a 60% stake in it, together with partners Lundin (20%) and Spirit Energy (20% pending government approval of stake transfer).
Recent Posts
ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea, Subsea7 sign long-term deal with Equinor
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
Presight AI takes 49% stake in ADNOC energy AI player
Presight has acquired a 51% shareholding in AIQ, an energy-focused AI player founded by ADNOC and G42, the companies announced… Read More
Wood wins TotalEnergies North Sea flare recovery work
UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More
Shelf Drilling wins $54-million North Sea contract
Oslo-listed Shelf Drilling has secured a contract for the Shelf Drilling Fortress jack-up rig with an undisclosed North Sea operator… Read More