Equinor announces new oil and gas discovery

Recoverable resources are estimated at up to almost 38m barrels of oil equivalent

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Norwegian energy company Equinor and its licence partners Petoro and Wellesley Petroleum have announced a new oil and gas discovery at the Swisher prospect.

Recoverable resources are estimated to be in the range of two to six million standard cubic metres of oil equivalent, corresponding to 13 to 38 million barrels of oil equivalent.

Three wells were drilled around seven kilometres west of the Fram field and 130 kilometres northwest of Bergen.

Nick Ashton, Equinor’s Senior Vice President for Exploration in Norway said: “We are working continuously on keeping an exploration portfolio that forms the basis for high-value creation and in addition can be produced with a low carbon footprint. This discovery contributes to reaching this goal.”

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