Equinor Discovers Up to 10.3 Million Boe at Gullfaks South Field
Equinor (EQNR) and its partners have announced a gas discovery in the Gullfaks South field, located approximately 190 kilometers northwest of Bergen. The company estimates between 0.5 million to 1.6 million standard cubic meters of recoverable oil equivalents were found at the site. The discovery is expected to contribute positively to Equinor's resource base and could support its long-term production strategy in Norway’s North Sea region. Shares rose following the announcement, reflecting investor optimism about the potential for increased reserves and future output from this field.
Tickers: $EQNR
Topics: Equinor natural gas Norway oil discovery