Equinor strikes oil at Oseberg area

05/07/2019 09:11 Oil Market

news

Norwegian offshore oil and gas firm Equinor had said it has made a profitable oil discovery in Oseberg area in the North Sea.

“The well was drilled by the Askepott rig and the discovery will soon be put on stream via the new, unmanned and remote-operated H platform on the Oseberg field,” Equinor said Thursday.

 

Included in the Oseberg Vestflanken phase 2 project, the exploration extension well 30/6-H-9-T4 proved a 112-meter oil column in a segment that has not been tested before. Oil was proven in the Statfjord formation in southern parts of the Alpha structure on Oseberg, Equinor said.

 

“Reservoir characteristics are excellent with high oil saturation. Recoverable resources are estimated at 22 million barrels of oil. The partners will consider water injection to further increase recoverable volumes,” Equinor said.

Source: offshoreenergytoday.com

EU Bank offers €18m loan to Polish solar sector

29/05/2020 09:09:00

The PV plants are expected to save 47,000 tonnes of carbon dioxide each year.

<READ MORE

Kremlin says Nord Stream-2 gas pipeline will be completed

29/05/2020 09:05:00

The construction of the undersea Nord Stream-2 gas pipeline to Europe will be completed, the Kremlin said on Thursday amid threats of additional sanctions against the project from the United States.

READ MORE

Biomass takes record 14% share of UK power mix

29/05/2020 09:01:00

The previous record of UK biomass generation was set earlier this year, according to a new report.

READ MORE