Equinor Finds Up to 10.3 Million Barrels of Oil Equivalent at Gullfaks South
Equinor and its partners have discovered an estimated 3.3 million to 10.3 million barrels of recoverable oil equivalent in gas at Norway’s Gullfaks South field, using an exploration sidetrack drilled during work on a production well. The discovery, announced on October 8, highlights the role of targeted exploration in sustaining production from mature North Sea assets. Its commercial appeal lies…
Equinor has announced a significant oil discovery of up to 10.3 million barrels of oil equivalent at the Gullfaks South field in Norway, as part of an exploration sidetrack conducted during work on a production well. Located approximately 190 kilometers northwest of Bergen, the newly discovered resources, which include 0.5 million to 1.6 million standard cubic meters of recoverable oil equivalent, are contained within the Gullfaks production license and are shared among Equinor, Petoro, and OMV.
Gunnar Egge, Equinor's vice president for the Gullfaks field, emphasized the importance of such smaller discoveries in mature North Sea assets, noting that they can help maintain production and extend the useful life of existing infrastructure. While the development cost, production start date, and expected output rate were not disclosed, the announcement highlights the potential of targeted exploration in sustaining production from mature fields.
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