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06 Feb 2021

Equinor Makes Oil Discovery Near Norway's Troll Field

06 Feb 2021  by Reuters   

Equinor has made a new oil and gas discovery near Norway's giant Troll field in the North Sea with partners DNO, Wellesley Petroleum and Petoro, the Norwegian Petroleum Directorate said on Friday.

Equinor said in a separate statement that the reservoir is expected to contain between 44 million and 69 million barrels of oil equivalent.

The size of the discovery was "well above" expectations, junior partner DNO said without elaborating.

"The partners are considering fast-track development of the discovery with tie-back to nearby Troll area infrastructure, as well as additional drilling to test other identified prospects on the licence," DNO said.

Operator Equinor has a 40 per cent stake in the licence while Petoro, DNO and Wellesley Petroleum each hold 20 per cent stakes.

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