Equinor-led group finds North Sea oil and gas near Oseberg
The Grimsnes discovery is estimated to hold 19 million to 50 million barrels of recoverable oil equivalent, with production targeted through existing facilities.
Key takeaways
- Grimsnes is estimated to contain 19 million to 50 million barrels of recoverable oil equivalent.
- Equinor plans to connect the discovery to existing subsea facilities and produce through Oseberg Sør.
Equinor and partners Petoro and TotalEnergies have discovered oil and gas near the Oseberg field in the North Sea. The Grimsnes prospect is estimated to contain 19 million to 50 million barrels of recoverable oil equivalent.
Equinor plans to connect the discovery to the existing Stjerne subsea facility and produce through the Oseberg Sør platform. The company expects to make a final investment decision in summer 2027 and aims for production to start within three years.
The license is operated by Equinor, which holds a 50% stake. Petoro owns 40% and TotalEnergies 10%. The partners’ expected daily production and total investment cost have not been disclosed.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
