Equinor Makes North Sea Oil Discovery

Equinor and partners made a new North Sea oil and gas discovery near the Oseberg field. Preliminary estimates range up to 50 million barrels. The companies plan a fast-track development using existing infrastructure.

Xurve View
Insights:
Equinor's logo is see at Gastech 2023 in Singapore September 7, 2023. REUTERS/Florence Tan

Equinor ASA and partners TotalEnergies SE found 19 million to 50 million barrels of oil equivalent near the Oseberg field in Norway. The North Sea discovery will utilize fast-track development through existing infrastructure. Output from the reservoir aims to extend the productive lifespan of ageing regional platforms.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.