Equinor makes Norway gasoline discovery

OSLO, Jan 18 (Reuters) – Equinor (EQNR.OL) has made a commercially viable gasoline discovery within the Norwegian Sea believed to include between 2 billion and 11 billion cubic metres of recoverable gasoline, the corporate stated on Wednesday.

The discover is positioned 23 kilometres south of the Irpa gasoline discovery and in addition near the Aasta Hansteen discipline, Equinor stated in a press release.

“We’ll along with our companions contemplate tie-back of this discovery to Irpa, for which we lately submitted a plan for growth and operation,” stated Grete Haaland, senior vp for exploration and manufacturing within the space.

“Discoveries close to present infrastructure requires much less quantity so as to be commercially developed, and might be shortly placed on stream with low CO2 emissions,” she added.

Named Obelix Upflank, the brand new discover corresponds to between 12.6 million and 69.2 million barrels of oil equal.

Operator Equinor holds a 70% stake within the licence whereas state-owned Petoro holds 20% and Germany’s Wintershall Dea has 10%.

Reporting by Terje Solsvik, enhancing by Essi Lehto

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