Equinor and Aker BP Discover Gas and Condensate Reserves in North Sea
Source Summary
Norwegian energy companies Equinor and Aker BP have discovered gas and condensate reserves near the Balder field in the North Sea, according to the Norwegian Offshore Directorate. The exploration well was drilled 16 kilometers northwest of Balder and 205 kilometers west of Stavanger. Preliminary estimates place the discovery size between 0.1 and 2.1 million standard cubic meters.
Why it matters
The discovery adds to Norway's proven hydrocarbon reserves in the North Sea, a major source of oil and gas production for the country.
What remains uncertain
The final size of the discovery remains uncertain, with preliminary estimates ranging from 0.1 to 2.1 million standard cubic meters.
