Equinor reports Norway discovery

Norway

STAVANGER, October 29, 2018 – Equinor has confirmed the presence of between 12 million and 25 million barrels of recoverable oil resources in a well in the Johan Castberg licence offshore Norway, the company announced on Monday.

“The Skruis discovery confirms the potential in this part of the Barents Sea,” said Nick Ashton, Equinor’s senior vice-president for exploration in Norway and the UK. “Over the past couple of years, we have learned that exploration in the Barents Sea is challenging and takes patience.”

Equinor operates the licence with a 50% stake in it, alongside partners Eni (30%) and Petoro (20%).

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