Equinor reports a new gas discovery at the Gullfaks South field, with recoverable estimates reaching 10.3 million barrels of oil equivalents, supporting long-term production goals for the North Sea license.
Equinor, acting as the operator, has successfully identified a new gas discovery at the Gullfaks South field in the North Sea. This discovery is strategically significant as it supports the company's objective to maintain production levels and ongoing operational activity within the existing license area.
The discovery is at the Gullfaks South field, located 190 kilometers northwest of Bergen in the North Sea.
OMV is positioned to benefit from the Gullfaks South discovery as a formal partner alongside Equinor and Petoro. The addition of these recoverable oil equivalents contributes to the asset value of the license in which OMV holds a stake.
The partners involved in the discovery are Equinor (operator), Petoro, and OMV.
Equinor and partners OMV and Petoro have confirmed a new gas discovery at the Gullfaks South field in the North Sea. The find, estimated at 3.3 million to 10.3 million barrels of oil equivalents, is expected to bolster production levels and extend activity at the existing license area.
The discovery provides additional recoverable resources that help maintain production levels and sustain operational activity at the existing North Sea license.