Equinor makes new oil discovery near Johan Castberg Field

May 25, 2022
Equinor’s new oil find at the Snøfonn Nord exploration well gives up to a 50-MMbbl boost to the Johan Castberg area in the Barents Sea.

Offshore staff

STAVANGER, Norway — Equinor has made a new oil discovery in Snøfonn Nord, exploration well 7220/8-2 S, by the Johan Castberg Field in the Barents Sea, according to a recent company news release.

The well was drilled 5 km south-southeast of discovery well 7220/8-1, which is in the Johan Castberg Field, and 210 km northwest of Hammerfest.

Equinor is the operator of production license (PL) 532. Preliminary calculations of the size of the discovery indicate between 37 MMbbl and 50 MMbbl of recoverable oil. Together with the other licensees, Vår Energi and Petoro, Equinor will consider tying the discovery to the Johan Castberg Field.

The Snøfonn Nord discovery was made exactly one year after the Isflak discovery in the same area but is probably somewhat bigger.

Drilling of the well was carried out by the Transocean Enabler rig and has been completed. Transocean Enabler will move 800 m farther west in PL 532 to drill a new exploration well.

Snøfonn Nord is the 10th discovery in the Castberg license and the 12th exploration well to be drilled in PL 532.

The production license was awarded in the 20th licensing round in 2009.

“Snøfonn Nord is an exciting discovery in the vicinity of the Johan Castberg development and can add valuable volumes to the installation in the future,” said Kristin Westvik, Equinor’s senior vice president for exploration and production north. "In cooperation with the license partners, we will consider a possible development.”