Equinor and its partners have announced a new oil discovery near the giant Johan Castberg field in the Barents Sea, further strengthening Norway’s position as a key energy supplier.
The discovery was made at the Drivis Tubaen prospect and is estimated to hold between 9 million and 15 million barrels of oil equivalent in recoverable resources.
The partners are now evaluating the potential for a subsea tie-in to the existing Johan Castberg production infrastructure, which could streamline development and reduce costs.
Meanwhile, in the Norwegian Sea, the Shell-led consortium operating a major gas field has successfully completed a project aimed at increasing gas output. This development comes as Europe continues to seek stable and increased supplies of natural gas.
Both projects underline Norway’s dual push to maintain strong oil output from existing fields and expand its role as a reliable gas provider amid global energy shifts.
