Norway’s Equinor Makes Gas Find in Barents Sea

(Reuters) – Norway’s Equinor has discovered gas in the Skred prospect near the Johan Castberg field in the Barents Sea, the Norwegian Offshore Directorate said on Thursday.

Preliminary estimates indicate a discovery of between 0.3 billion and 0.5 billion standard cubic metres of recoverable gas equivalent, corresponding to between 1.9 million and 3.1 million barrels of oil equivalent, the directorate said.

The licensees will evaluate the discovery with regard to a possible tie-in to the Johan Castberg field, it added.

Equinor is the operator and owns 46.3% of the permit. Vaar Energi holds 30% and Norwegian state-owned oil firm Petoro owns the remaining 23.7%.

Reporting by Louise Breusch Rasmussen, editing by Anna Ringstrom

 

Share This:

---

More News Articles