Page 13 - EurOil Week 12 2023

EurOil PROJECTS & COMPANIES EurOil

Equinor reports eighth discovery

near Troll

NORWAY NORWAY’S Equinor has reported its second “We have a good infrastructure in the area
hydrocarbon discovery off the coast of Norway and can quickly bring competitive barrels from
Equinor will consider and its eighth near the giant Troll gas field since here to the market at low cost and with low CO2
the commercial 2019. emissions,” he added.
potential of the find. The North Sea find, estimated to be 24-84mn The latest find comes just more than a month
barrels of oil equivalent (boe) in size, contains after Equinor and its partners made the Rover
slightly more oil than gas, Equinor said last week. South discovery in the same area. Through
It is commercially interesting, the company said, acquisitions that Equinor entered into two weeks
as it could be tied to existing infrastructure ago, the company has increased its ownership
connected to its Troll B floating processing and interests in four of the finds made in the area.
accommodation platform. That deal was with Wellesley Petroleum, cov-
However, an appraisal well is needed to deter- ering interests in licences in the Troll, Fram and
mine the size better and assess the volume of Kvitebjorn areas. The deal will increase Equinor’s
hydrocarbons that can be recovered. The project equity share by 18.8% in Grosbeak, 45% in Top-
partners – operator Equinor with a 51% stake pand, 40% in Atlantis, and 20% in Rover North
and DNO with 49% – are considering drilling and Røver Sour discoveries. Following the trans-
that well in 2024. action, Equinor’s ownership interests will be 80%
The discovery has been named Heisenberg. in Atlantis (licence PL878/878B/878C), 55% in
“Our Troll exploration play keeps delivering,” Grosbeak (licence PL248I), 85% in Grosbeak
Equinor’s senior vice president for exploration (licence PL925), 60% in Røver Nord/Sør (licence
and production west, Geir Sortveit, said. “With PL923/PL923B) and 95% in Toppand (licence
discoveries in eight out of nine exploration wells, PL630/PL630CS).
we are approaching a success rate of 90%. We Besides Heisenberg and Rover South,
plan to further explore the area, while looking at Equinor’s other discoveries near Troll since 2019
possible development solutions for the discover- are Echino South, Swisher, Rover North, Blasto,
ies that have been made.” Toppand and Kveikje. ™

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