Equinor (EQNR) Makes Oil Discovery at Svalin Field, North Sea
Equinor(EQNR) zacks.com·2024-05-24 20:51
Details of the Discovery According to the Norwegian Offshore Directorate, the discovery was made at the well 25/11-H-1 H, located at the Svalin field. Preliminary calculations estimate the recoverable oil equivalent to be in the range of 0-0.1 million standard cubic meters, or up to 0.6 million barrels. The well had oil in thin sandstone layers less than 3 meters thick, with very good reservoir quality in the Balder Formation, part of the Rogaland Group. Partnership and License Information Equinor, which ha ...