Equinor has made a discovery 17 kilometres west of the Troll field in the North Sea. The discovery is currently estimated at between 2 and 12 million barrels of oil equivalent.
The discovery consists of both oil and gas. The preliminary name of the discovery is Ringand. This is the second discovery in a short time in the area.
Measured in standard cubic metres, the discovery is estimated at between 0.3 and 2 million Sm3. The discovery will probably not be commercial for development in isolation.
"It's a small discovery, but in an interesting area that we plan to further explore with much existing infrastructure. If more discoveries are made, it may be relevant to combine these to ensure good resource utilisation and the best possible economy," says Geir Sørtveit, Equinor's senior vice president for Exploration & Production West on the Norwegian continental shelf (NCS).
The well was drilled by the Deepsea Atlantic drilling rig.
Facts:
- The discovery was made in exploration well 31/1-4 in production licence 923/923B
- The licensees are: Equinor: 60% - DNO Norge: 20% - Petoro: 20%
- In 2023, Equinor-operated exploration activity on the NCS generated more than 4000 person-years of employment (FTEs).
- Exploration activity is key to maintaining value creation on the NCS.
- Equinor's field operations, onshore facilities, exploration and development projects generated more than 80,000 person-years of employment (FTEs) in 2023.
About Equinor
Equinor is an international energy company committed to long-term value creation in a low-carbon future.
Our purpose is to turn natural resources into energy for people and progress for society. Equinor’s portfolio of projects encompasses oil and gas, renewables and low-carbon solutions, with an ambition of becoming a net-zero energy company by 2050. Headquartered in Stavanger (Norway), Equinor is the leading operator on the Norwegian continental shelf. We are present in around 30 countries worldwide.