Norway's Equinor, together with its partners Petoro, ExxonMobil and Total, discovered gas and condensate in the Norwegian Sea's Ragnfrid North exploration well, Equinor said on Wednesday. The company confirmed that recoverable resources in the Ragnfrid North well in the Norwegian Sea are estimated at between 6 and 25 million barrels of oil equivalent.
Exploration drilling in Ragnfrid North started on Oct. 3 and according to Nick Ashton, Equinor’s senior vice president for Norway and the U.K., the discovery will increase the probability of discovery for other prospects and pave the way for more drilling operations in this central part of the Norwegian Sea. "Ragnfrid North will, together with the former discoveries give a more detailed picture of the potential in this area of the Norwegian Sea," he said
"We are pleased to start the new year by announcing a new discovery. Exploring for resources close to existing infrastructure is a central part of Equinor’s strategy to further develop the Norwegian continental shelf (NCS). We need this kind of discoveries in the years to come," he added. "This is something we will consider going forward while further analyzing the results. The NCS still offers great potential," Ashton concluded.
