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Vår Energi: Significant oil discovery

Equinor as operator and partners Vår Energi, Idemitsu Petroleum and Neptune Energy have made the biggest discovery so far this year on the Norwegian Continental Shelf. Preliminary estimates place the size of the discovery between 75 and 120 million barrels of recoverable oil equivalent. Vår Energi holds 25% of the license.

Regarding the discovery as commercially viable, the licensees will consider tying it to other discoveries and existing infrastructure in the area.

Exploration wells 31/2-22 S and 31/2-22 A in the Blasto prospect of production licences 090, 090 I and 090 E were drilled about 3 kilometres southwest of the Fram field, 11 kilometres northwest of the Troll field and 120 kilometres northwest of Bergen. These are the first and second exploration wells in production licence 090 I. The licence was awarded in the 2017 awards in predefined areas (APA 2017) licencing round.