Equinor Announced Gas Discovery in the Norwegian Sea

SEATTLE (Oil Monster): Equinor and its partners have announced discovery of gas and condensate in the Mistral South exploration well in the Halten area in the southern part of the Norwegian Sea. The Norwegian state-owned multi-national energy company also announced plans to develop the resources.

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As per preliminary estimates, the discovery, in the Åsgard and Kristin are, contains around 3-7 standard cubic metres of recoverable oil equivalent, equivalent to nearly 19-44 million barrels of recoverable oil equivalent. It is located close to Linnorm, the largest gas discovery on the Norwegian continental shelf (NCS), which is yet to be developed. The rights to operate Linnorm was taken over by Equinor in 2023.

Okea and Pandion each own 20% of the exploration permission, while DNO owns the remaining 10%. Equinor owns 50% of the permit.

Grete B. Haaland, senior vice president for Exploration & Production North at Equinor, commented on the development, saying that in order to sustain a high level of deliveries, it is crucial that the business keeps searching and producing new discoveries. The most recent discovery was made in an area with existing gas infrastructure. According to her, the business is presently doing a number of active exploration projects in the region.