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Equinor : Makes Oil Discovery in Barents Sea

By Dominic Chopping
Norway's Equinor ASA said Wednesday that it has made an oil discovery near the Johan Castberg field in the Barents Sea.
Equinor and partners Var Energi and Petoro struck oil in exploration well 7220/7-4 in production license 532. It said recoverable resources are estimated at between 5 million and 8 million standard cubic meters of recoverable oil, corresponding to 31 million-50 million barrels of recoverable oil.
Exploration well 7220/7-4 is the first of four planned exploration wells for Equinor in the Barents Sea this year, it added.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires

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