Equinor makes a new oil discovery near Johan Castberg Field

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Overseas staff

STAVANGER, Norway — Equinor has made a new oil discovery at Snøfonn Nord, exploration well 7220/8-2 S, near the Johan Castberg field in the Barents Sea, according to a recent press release.

The well was drilled 5 km south-southeast of discovery well 7220/8-1, which is in the Johan Castberg field, and 210 km northwest of Hammerfest.

Equinor is the operator of Production License (PL) 532. Preliminary calculations of the size of the discovery indicate between 37 MMbbl and 50 MMbbl of recoverable oil. Together with fellow licensees Vår Energi and Petoro, Equinor will consider tying the discovery to the Johan Castberg field.

The Snøfonn Nord find was made exactly one year after the Isflak find in the same area but is probably somewhat larger.

The drilling of the well was carried out by the Transocean Enabler rigging and has been completed. Transocean Enabler will move 800 m further west in PL 532 to drill a new exploration well.

Snøfonn North is 10and discovered in the Castberg permit and the 12and exploration well to be drilled in PL 532.

The production license was granted on the 20and license cycle in 2009.

“Snøfonn Nord is an exciting find near the Johan Castberg development and can add valuable volumes to the facility in the future,” said Kristin Westvik, Equinor’s senior vice president for exploration and production at north. “In cooperation with licensing partners, we will consider possible development.”

25.05.2022

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