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World Oil: Equinor reports “profitable” oil discovery from the Visund A platform


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World Oil: Equinor reports “profitable” oil discovery from the Visund A platform

Business

Category: Business and Investment News

STAVANGER — Equinor has, together with partners Petoro, ConocoPhillips and Repsol, made an oil discovery from the Visund A platform in the Telesto exploration well in the North Sea. The resources are estimated at 12-28 MMbbl of recoverable oil.

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Source: Equinor

“We are pleased to have made a new discovery on Equinor-operated acreage on the Norwegian continental shelf (NCS). These are profitable barrels that can be quickly tied in to existing infrastructure and generate substantial revenues for society. Infrastructure-led exploration is an important part of our roadmap for the NCS,” said Nick Ashton, Equinor’s senior V.P. for exploration in Norway and the UK.

Read entire article HERE.

Source: World Oil

Published: March 4, 2019