New oil deposit found at Johan Castberg field

Norwegian oil major Equinor and partners have found new oil at North Sea field Johan Castberg.

Photo: Foto: Harald Petersen/Equinor

Oil exploration project Skruis at oil field Johan Castberg has confirmed new findings, and a new well reportedly contains a volume between 12 and 25 million barrels of crude, writes Equinor in a press statement.

"This is an important discovery. It helps to determine the size of the Johan Castberg resource base which is currently being developed. Securing resources near existing infrastructure is an important part of Equinor's ambition and strategy on the Norwegian continental shelf," writes Equinor Exploration, Norway & UK Senior Vice President Nick Ashton in the statement.

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