Wednesday, January 19

Equinor with new oil discovery on Troll and Fram

The oil company reports that there are approximately 21–33 million barrels of recoverable oil equivalents.

Geir Sørtveit in Equinor

Published:

The case is being updated.

Equinor and Wellesley have found oil near the Troll and Fram area, the former reports on Friday morning.

Preliminary calculations show, according to the report, that there are approximately 21–33 million barrels of recoverable oil equivalents.

– It is gratifying that the success we have had in the Troll and Fram area continues. We consider this discovery to be commercial and will consider connection to the Troll B or Troll C platform. Such discoveries close to existing infrastructure are characterized by high profitability, short payback time and low CO emissions, says Geir Sørtveit, area director for Exploration and Production West, in the press release.

The oil fields are located in the North Sea, and according to Norsk Petroleum is Equinor operator in both fields.

The drilling is the fifth discovery in the Toppand prospect, and according to the report, resources of up to 300 million barrels of oil equivalents have now been proven.

The wells that were drilled are approximately 8 kilometers west of the Fram field, and 140 kilometers northwest of Bergen, Equinor states.

The company points out that even after five decades of exploration drilling, there is still much to learn about the subsoil on the Norwegian shelf.

They point out that in the last couple of years they have had several discoveries in the Troll and Fram areas, which have shown that “even mature areas can be revitalized with the help of new knowledge and modern exploration technology”.

Troll has been in production since 1995, and Fram since 2003, according to Norsk Petroleum.

In 2019, Equinor announced that they had one of the “biggest oil discoveries of the year” at the Fram field. In 2021, they had “the first discovery of the year” when they found oil and gas at Troll in February.

Reference-www.aftenposten.no

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