Equinor plans to purchase standardized subsea equipment early next year to tie 2 to 3 wells into the existing Stjerne installation and the Oseberg Sør platform. The project serves as an initial test to halve the time and cost from discovery to production. This effort supports a broader strategy to maintain Norwegian shelf output at 1.3M boe/d through 200 near-field exploration wells and 75 subsea developments by 2035.
Wednesday, October 21, 2026
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Equinor Finds 19 to 50M Barrels of Oil to Stem North Sea Decline
Commodities7 days ago
A consortium led by Norway's state energy company identified a hydrocarbon column of 54 meters at a new drilling site in the North Sea. Equinor, Petoro, and TotalEnergies estimate the Grimsnes prospect holds 19 million to 50 million barrels of recoverable oil equivalent, consisting of 39 meters of gas and 15 meters of oil. Production aims to start within three years, and an investment decision may occur by summer 2027.
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