Equinor strikes fuel in North Sea wildcat wells, opening new growth potential



Odfjell’s Deepsea Atlantic rig

(WO) – Equinor and Aker BP have introduced a brand new fuel and condensate discovery within the North Sea after drilling two exploration wells on the Lofn and Langemann prospects, marking a promising begin for Manufacturing Licence 1140.

The wildcat wells—15/5-8 S and 15/5-8 A—have been drilled about 7 km north of the Eirin area and roughly 240 km west of Stavanger utilizing Odfjell Drilling’s Deepsea Atlantic rig. The license, awarded in 2022, is now seeing its first exploration outcomes.

Early estimates point out that the Lofn prospect comprises 22–63 million barrels of oil equal, whereas Langemann may maintain 6–50 million barrels. Collectively, the finds signify a significant addition to the realm’s useful resource base.

Each wells encountered fuel and condensate within the Center Jurassic Hugin Formation, confirming hydrocarbon-bearing sandstone reservoirs. Though deeper Triassic targets have been water-bearing, operators collected intensive samples and information to help additional analysis.

Equinor mentioned the businesses will now assess growth choices, together with doable tiebacks to present North Sea infrastructure—an more and more vital method for maximizing worth from smaller discoveries.

“The Lofn and Langemann discovery marks the conclusion of a robust exploration 12 months for Aker BP,” added Karl Johnny Hersvik, CEO of Aker BP. “Throughout three main discoveries, we’ve added greater than 100 million barrels internet to the corporate, together with Omega Alfa and Kjøttkake earlier this 12 months.”

“This makes 2025 our most profitable exploration 12 months since Johan Sverdrup was found in 2010. These outcomes are key to sustaining manufacturing above 500,000 barrels per day into the 2030s. The progress achieved this 12 months reinforces our confidence in delivering on that trajectory,” Hersvik mentioned.





Source link

Related articles

Social psychologists discovered that the folks others describe as ‘intimidating’ are nearly by no means aggressive — they’re merely current in a method that...

Add Silicon Canals to your Google Information feed. I’ll admit one thing that took me years to grasp about myself. For a very long time, folks instructed me I used to be intimidating....

Sturdy Development Indicator MT5 – ForexMT4Indicators.com

The Sturdy Development Indicator MT5 addresses this problem by...

RBA warns Center East battle may set off world shock and market repricing

RBA warns the Center East battle may set off a extreme world shock, with dangers of disorderly asset repricing, greater inflation from oil, and rising sovereign debt stress, at the same time as...

Why the SEC-CFTC Framework Is a Begin, Not a End Line

The March 2026 joint framework from the Securities and Change Fee and the Commodity Futures Buying and selling Fee represents essentially the most vital regulatory improvement in U.S. crypto historical past. Whereas most...

Golf balls, ties and an RTX 5090: All the most effective issues you should purchase on the Nvidia GTC 2026 merch retailer

Nvidia GTC 2026 has shortly change into one of many largest occasions on the expertise calendar, bringing collectively the most effective and brightest within the AI trade to San Jose.As you’d count on...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com