- Equinor (EQNR +0.2%) says it has found more oil near its Johan Castberg field in the Arctic Barents Sea.
- EQNR says the Skruis exploration well, its first operated exploration well drilled this year in the Barents Sea, indicated a volume of 12M-25M recoverable barrels of oil; the entire Castberg field is estimated to hold 450M-650M barrels.
- The discovery is important, the company says, as it helps to determine the size of the Johan Castberg resource base which is currently being developed.
- EQNR plans to drill three wells in the Barents Sea this year and participate as a partner in a fourth.