Equinor strikes new North Sea oil

Norwegian energy group Equinor has struck a large oil deposit in the northern region of the North Sea. The field can likely be easily exploited.

Photo: Foto: Harald Petersen/Equinor

Equinor just announced that it has found a new oil deposit containing 12-28 million barrels of oil in the northern part of the North Sea.

The discovery turned up while drilling the an exploration site dubbed Telesto, which is conducted partnership between Equinor, Petoro, ConocoPhillips and Repsol. Telesto is located near the Visund A rig in the North Sea region called Tampen. The find is thereby is close proximity to existing infrastructure, which will simplify extraction from the newly struck deposit.

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