Equinor, together with partners PGNiG Upstream Norway (PGNIG) and Longboat Energy Norway, has found oil in exploration well 6407 / 1-9 - Egyptian Vulture. Preliminary estimates show that between 3 and 10 million standard cubic meters of recoverable oil equivalents have been proven in the well, corresponding to 19-62 million barrels.

“Our ambition is to transform the shelf from an oil and gas province to a broad energy province that will ensure value creation from the shelf in the decades to come. In this ambition, our exploration activities are central,” says Kristin Westvik who is area director for Exploration and Production North.

She adds that future value creation will largely come from increased recovery from existing fields, and connection of new discoveries close to existing infrastructure. It is therefore uplifting once again to be able to demonstrate resources that can strengthen the service life of producing fields in the Norwegian Sea. Such near-field discoveries are profitable, robust against fluctuations in oil / gas prices, they have a short payback period and low emissions.

The discovery is the sixth Equinor has made on the Norwegian shelf so far this year.

The well was drilled about 10 kilometers north of the Tyrihans field and 23 kilometers east of the Kristin field in the Norwegian Sea. The aim of the well was to detect hydrocarbons in sandstone reservoirs of the late Cretaceous age in the Lange Formation.

Well 6407 / 1-9 was drilled vertically to a measured depth of 3883 meters below sea level and encountered an estimated 36 meters of oil column in sandstone in the Lange Formation, of which 13 meters are sandstones with poor to moderate reservoir quality. Oil down to 3719.5 meters below sea level was detected in the well. The oil-water contact was not encountered. Water depth at the site is 301 meters.

Extensive data collection and sampling has been performed. The preliminary analysis of the MDT samples indicates a light oil.

This is the first exploration well in production license 939. The license was awarded in APA 2017.

The discovery will be evaluated for further appraisal and assessed for tie back to existing fields in the area.

The well will be permanently plugged and abandoned.

Well 6407 / 1-9 was drilled by the drilling facility West Hercules, which will now drill exploration well 35 / 10-7 S Toppand in production license 630 in the North Sea, where Equinor is the operator.

About Equinor

Equinor (OSE:EQNR, NYSE:EQNR), is an international energy company with a proud history. Formerly Statoil, we are 20,000 committed colleagues developing oil, gas, wind and solar energy in more than 30 countries worldwide. We’re the largest operator in Norway, among the world’s largest offshore operators, and a growing force in renewables. Driven by our Nordic urge to explore beyond the horizon, and our dedication to safety, equality and sustainability, we’re building a global business on our values and the energy needs of the future.

About PGNiG

Polish Oil and Gas Company (PGNiG) deals with exploration and production of natural gas and crude oil and – through its branches and key companies from the Capital Group – with import, storage, sales, distribution of gaseous and liquid fuels, production of heat and electricity as well as geophysical and drilling services. Its subsidiaries and branches carry out exploration and production activities in Norway, Pakistan and UAE, gas sales in Germany and LNG trading through an office in London.