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Norwegian energy company Equinor has announced a new oil discovery at a well near the Johan Castberg field in the Barents Sea.
Equinor and its partners Vår Energi and Petoro struck oil in exploration well 7220/7-4 in production license 532. The well is located about 10 kilometers southwest from the Johan Castberg field, and 210 km northwest of Hammerfest.
Recoverable resources are so far estimated at between 5 and 8 million standard cubic meters of recoverable oil, corresponding to 31 – 50 million barrels of recoverable oil.
Exploration well 7220/7-4 is the first of four planned exploration wells for Equinor in the Barents Sea this year.
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