Equinor has made two new discoveries of gas and condensate in the Sleipner area of the North Sea, marking the company's largest discoveries so far this year. The discoveries can be developed for the European market through existing infrastructure.

Discovery Details and Location

The two wells, named Lofn and Langemann, are located in production license 1140 between the Gudrun and Eirin fields. Preliminary estimates indicate that the reservoirs may contain between 5 and 18 million standard cubic meters of recoverable oil equivalents, corresponding to 30 to 110 million barrels.

The wells were drilled by the Deepsea Atlantic rig, which will move to the next exploration well in the area. The production license was awarded to Equinor in 2022 through the APA (Awards in Predefined Areas).

Technology and Exploration Methods

The drilling targets were identified using Ocean Bottom Node (OBN) seismic technology, where sensors are placed on the seabed to provide more precise geological data than traditional surface seismic. This advanced technology enabled the successful identification of the gas and condensate reservoirs.

Kjetil Hove, executive vice president for Exploration & Production Norway at Equinor, emphasized the significance of maintaining exploration activity on the Norwegian continental shelf. “There are still significant energy resources on the shelf, and Europe needs stable oil and gas deliveries,” Hove stated.

Development Plans and Environmental Impact

According to Hove, discoveries near existing fields can be developed quickly through subsea facilities, with limited environmental impact, very low CO2 emissions from production, and strong profitability. Equinor plans to accelerate such developments on the Norwegian continental shelf.

The Sleipner area serves as an important hub for Norwegian gas exports to Europe. These discoveries strengthen Equinor's optimism for further exploration in the area, with the company and its partners committed to drilling five additional exploration wells.

Partnership and Future Operations

The license holders are Equinor Energy AS, with a 60% stake, and Aker BP ASA, with a 40% stake. Hove noted that adding new volumes is essential to maintain export capacity and to sustain value creation in the area.

The discoveries demonstrate the continued potential of the Norwegian continental shelf for energy resource development. The proximity to existing infrastructure enables efficient development and access to European markets through established export channels.

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