Equinor Makes North Sea Gas Discoveries

By Dominic Chopping

Equinor made two new discoveries of gas and condensate in the North Sea, the Norwegian energy major's largest discoveries so far this year.

Initial estimates indicate the reservoirs could contain 30 million to 110 million barrels of recoverable oil equivalent, the company said Friday.

"This demonstrates the importance of maintaining exploration activity on the Norwegian continental shelf," said Kjetil Hove, executive vice president for exploration and production Norway at Equinor.

"There are still significant energy resources on the shelf, and Europe needs stable oil and gas deliveries."

The discoveries were made at the Lofn and Langemann wells in an area of fields west of Norway known as Sleipner, and they can be developed for the European market through existing infrastructure.

Hove said the Sleipner area is an important hub for Norwegian gas exports to Europe, with the discoveries strengthening Equinor's optimism for further exploration in the area.

"Together with our partners, we are committed to drill five additional exploration wells going forward. Adding new volumes is essential to maintain export capacity and value creation from the area," he added.

Equinor has a 60% stake in the production license and Aker BP has 40%.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

December 05, 2025 03:34 ET (08:34 GMT)