Equinor Finds More Oil and Gas Near One of The North Sea’s Largest Fields
11.04.2023 By Tank Terminals - NEWS

November 2, 2023 [Oil Price]- Energy major Equinor has made an oil and gas discovery near Oseberg, one of the top fields offshore Norway, which could add additional resources to the field, the Norwegian Petroleum Directorate said on Friday.


Equinor and its partners in the license, Petoro, TotalEnergies, and ConocoPhillips, made the discovery about four kilometers (2.5 miles) west of the Oseberg field in the North Sea. Discoveries were made in two different formations, Eiriksson and Cook.

“These discoveries represent important additional resources for Oseberg. Equinor and its partners will continue to work to improve understanding of the discovery and to identify production solutions for the oil and the gas,” the Norwegian regulator said in a statement.

The well was drilled from the Oseberg C platform, which is an integrated production, drilling, and living quarters platform in the northern part of the field.

The Oseberg field was proven in 1979 and came on stream in 1988.

Crude from the Oseberg field is one of five grades from North Sea fields that are included in the Dated Brent assessment alongside grades produced in the fields Brent, Ekofisk, Troll, and Forties. As of June 2023, the U.S. grade WTI Midland was added to the Brent basket of crude grades.

Norway has been betting on the continued development of its oil and gas resources and has raised its natural gas production over the past year and a half to send more gas via pipelines to Europe, which saw most of its Russian supply cut off after the Russian invasion of Ukraine.

Earlier this year, the Norwegian government approved the development of 19 offshore oil and gas projects worth more than $18 billion (200 billion Norwegian crowns) in investments. The projects include new developments, additional development of producing oil and gas fields, and investments to increase resource recovery in producing fields.


Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

The Petromidia Refinery is Looking for a Partner for the Construction of a Green Hydrogen Plant
05.24.2024 - NEWS
May 24, 2024 [Energy World]- Rompetrol Rafinare Constanța, the company part of the KMG Internati... Read More
Saudi Aramco Interested in Buying Minority Stake in Repsol's Renewable Unit, Expansion Reports
05.24.2024 - NEWS
May 24, 2024 [Reuters]- State-controlled oil company Saudi Aramco is interested in buying a minor... Read More
Verbio Starts Expansion Work on Second Biorefinery in North America
05.24.2024 - NEWS
May 24, 2024 [Biofuels International]- Verbio has started work on converting its South Bend etha... Read More
TNPA, Mnambithi Terminals to Develop Durban Liquid Bulk Facility
05.24.2024 - NEWS
May 24, 2024 [World Cargo News]- Transnet National Ports Authority (TNPA) has signed a Terminal O... Read More