Equinor on Wednesday announced an oil and gas discovery near the Fram field in the North Sea off Norway. Energy intelligence firm Rystad Energy has said that this has been the best year for discoveries on the Norwegian Continental Shelf since 2014.
Equinor said on Wednesday that the recoverable resources were estimated at 6-16 million standard cubic metres of oil equivalent, corresponding to 38-100 million barrels of oil equivalent.
Commenting on Equinor’s oil and gas discovery near the Fram field in the Norwegian North Sea, Palzor Shenga, senior analyst at Rystad Energy said: “After a string of recent discoveries, 2019 is shaping up to be the most successful exploration year since 2014 on the Norwegian Continental Shelf (NCS).”