COPENHAGEN – Norway’s Equinor (NYSE: EQNR) has discovered gas and oil in the Haltenbanken Vest Unit prospect in the Norwegian Sea, the Norwegian Offshore Directorate said on Tuesday.
The offshore directorate reported that they drilled the well in connection with the Lavrans discovery, which is part of the Kristin field.
Preliminary estimates indicated a discovery of between 2 million and 4 million standard cubic meters of recoverable oil equivalent, the directorate said.
Four million standard cubic meters would correspond to about 25 million barrels of oil equivalent, according to a Reuters calculation.
Equinor (NYSE: EQNR) is the operator and owns 54.82% of the permit while Norwegian state-owned oil firm Petoro holds 22.52%, Vaar Energi 16.66%, and TotalEnergies (NYSE: TTE) holds the remaining 6%.
(Source: Reuters)
Kevin Putnam is a financial journalist and editor based in New York. He specializes in editing news and analysis related to U.S. stock market.
