Significant oil discovery close to North Sea Fram field

Equinor and partners Vår Energi, Idemitsu Petroleum and Neptune Energy have made what they report is the biggest discovery so far this year on the Norwegian Continental Shelf (NCS). Preliminary estimates place the size of the discovery between 75–120mn boe.

Based on the quality of the resources and the proximity to existing infrastructure the discoveries can be developed and produced in line with Equinor’s climate goals, claims the company, which include a target of reducing greenhouse gas (GHG) emissions from operated fields and onshore plants in Norway by 40% by 2030, compared to 2018.