Equinor strikes oil and gas for eighth time near Troll field in North Sea

Equinor strikes oil and gas for eighth time near Troll field in North Sea

(IN BRIEF) Norwegian energy company Equinor has discovered oil and gas near the Troll field in the North Sea for the eighth time since 2019. Named Heisenberg, the discovery well was drilled by the Deepsea Stavanger drilling rig and is considered commercially interesting as it can utilise existing infrastructure connected to the Troll B platform. Equinor, which is the operator, and DNO are partners. The volumes are estimated to be between 24 and 84 million barrels of oil equivalent, with slightly more oil than gas. The parties are considering drilling an appraisal well in 2024 to get a more precise estimate of the size of the discovery.

(PRESS RELEASE) STAVANGER, 15-Mar-2023 — /EuropaWire/ — The volumes are estimated at between 24 and 84 million barrels of oil equivalent, with slightly more oil than gas. Named Heisenberg, the discovery well was drilled by the Deepsea Stavanger drilling rig. Equinor is the operator, and DNO is a partner.

The discovery is considered commercially interesting, partly because it can utilise existing infrastructure connected to the Troll B platform. However, an appraisal well is needed to get a more precise estimate of the size before it can be concluded whether the volumes can be recovered. The parties are considering drilling the appraisal well in 2024.

The volumes are estimated at between 24 and 84 million barrels of oil equivalent, with slightly more oil than gas. Named Heisenberg, the discovery well was drilled by the Deepsea Stavanger drilling rig. Equinor is the operator, and DNO is a partner.

The discovery is considered commercially interesting, partly because it can utilise existing infrastructure connected to the Troll B platform. However, an appraisal well is needed to get a more precise estimate of the size before it can be concluded whether the volumes can be recovered. The parties are considering drilling the appraisal well in 2024.

Equinor’s exploration strategy

• We will explore for volumes in mature areas where discoveries can be tied in to existing infrastructure to maximise the value of investments we have made over fifty years.
• We will drill between 20-30 exploration wells each year going forward.
• Around 80 percent of the exploration wells will be drilled in known areas close to infrastructure, but new selected areas and ideas will be tested.
• We will drill wells based on three main criteria: high profitability and low break-even prices, short payback period and low carbon intensity.
• Exploration is essential to maintaining the cash flow from the NCS and securing the necessary gas volumes for the development of a blue hydrogen value chain.

Media contact:

Sissel Rinde
Vice president Media relations
Corporate affairs
sisr@equinor.com
+47 412 60 584

SOURCE: Equinor ASA