Spirit Energy is partner in a new oil discovery in the Norwegian North Sea. The discovery, called Lille Prinsen, is currently estimated to contain 15–35 million barrels of recoverable oil equivalent (mmboe).

Marianne Bruvoll, exploration manager at Spirit Energy, said: “We are very pleased to announce a new discovery that we expect to be commercial. The drilling results also indicate further potential in the area.”

The Lille Prinsen well is located in Production Licence 167, 200 kilometres west of Stavanger.

An additional discovery with very good reservoir quality was also found over the main discovery, but the volume is yet to be evaluated.

The well also appraised a gas discovery made in 2004 called Verdandi. The estimate of 4–11 mmboe recoverable is maintained and further work will determine whether these two shallow reservoirs can be commercially developed.

Ms Bruvoll said: “This discovery is in a core area in the North Sea for Spirit Energy, and the full potential in the licence is yet to be determined.”

The PL 167 partnership consists of Spirit Energy Norway 20 % (1), Equinor Energy AS 60 % (1) (operator) and Lundin Norway AS 20 %.

(1) Transfer of ownership interests subject to government approval.

About Spirit Energy

Spirit Energy was created in 2017 following the combination of Centrica’s Exploration & Production business and Bayerngas Norge AS. The business is 69%-owned by Centrica plc, with the remaining 31% owned by Bayerngas Norge’s former shareholders, led by Stadtwerke München and Bayerngas GmbH.

The independent company was formed to combine a complementary mix of producing and development assets, and creates a robust, self-financing business to allow both organic and inorganic growth.

About Equinor

Equinor, 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 Lundin Petroleum

Lundin Petroleum is one of Europe’s leading independent oil and gas exploration and production companies with operations focused on Norway and listed on NASDAQ Stockholm (ticker "LUPE").