Equinor reports discovery at Utsira High, northwest of Johan Sverdrup

6/8/2018

STAVANGER -- Equinor and partners Lundin and Spirit Energy have struck oil in the PL 167 license at the Utsira High in the North Sea. The discovery is currently estimated to contain 15-35 MMbbl of recoverable oil equivalent.

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Source: Equinor.

“We are very pleased to announce the first Equinor discovery,” says Nicholas Ashton, Equinor’s senior V.P. of exploration, Norway & UK.

“This is a good discovery, which we expect will be commercial. In addition, the results from the drilling indicate an upside potential in this discovery,” Ashton points out.

The Lille Prinsen well is located 200 km west of Stavanger and northwest of Johan Sverdrup field. The discovery in the well’s main target is estimated to contain 15-35 MMbbl of recoverable oil.

There was made one additional discovery with very good reservoir quality over the main discovery, but the volume in this discovery has not been evaluated. The well also appraised the 2004 gas discovery Verdandi and the estimate of 4-11 MMboe recoverable is maintained. Further work will determine whether these two shallower reservoirs can be commercially developed.

“This discovery has good quality and adds new volumes in an important area of the North Sea. We also see a substantial upside in the license that we now aim to clarify as soon as possible together with our partners,” says Ashton.

When the full potential of the production license has been clarified, development will be considered towards the existing infrastructure in the area.

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