Close Menu
Money MechanicsMoney Mechanics
    What's Hot

    Why Social Security’s Trust Fund Could Be Depleted Even Earlier

    July 9, 2026

    Micron Gives Stocks a $250 Billion AI Boost: Stock Market Today

    July 9, 2026

    High Mortgage Rates Are Secretly Boosting Airbnb Host Profits

    July 9, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Why Social Security’s Trust Fund Could Be Depleted Even Earlier
    • Micron Gives Stocks a $250 Billion AI Boost: Stock Market Today
    • High Mortgage Rates Are Secretly Boosting Airbnb Host Profits
    • Forever Stamp Prices Rise July 12: Should You Stock Up Now?
    • Prices continue sliding on geopolitical tensions
    • The United States produced more crude oil than any other country in 2025
    • Federal Reserve Board – Federal Reserve Board issues enforcement action with TS Banking Group, Inc. and TS Contrarian Bancshares, Inc.
    • June home sales disappoint as prices reach an all-time high
    Facebook X (Twitter) Instagram
    Money MechanicsMoney Mechanics
    • Home
    • Markets
      • Stocks
      • Crypto
      • Bonds
      • Commodities
    • Economy
      • Fed & Rates
      • Housing & Jobs
      • Inflation
    • Earnings
      • Banks
      • Energy
      • Healthcare
      • IPOs
      • Tech
    • Investing
      • ETFs
      • Long-Term
      • Options
    • Finance
      • Budgeting
      • Credit & Debt
      • Real Estate
      • Retirement
      • Taxes
    • Opinion
    • Guides
    • Tools
    • Resources
    Money MechanicsMoney Mechanics
    Home»Earnings & Companie»Energy»Equinor strikes gas in North Sea wildcat wells, opening new development potential – Oil & Gas 360
    Energy

    Equinor strikes gas in North Sea wildcat wells, opening new development potential – Oil & Gas 360

    Money MechanicsBy Money MechanicsDecember 6, 2025No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Equinor strikes gas in North Sea wildcat wells, opening new development potential – Oil & Gas 360
    Share
    Facebook Twitter LinkedIn Pinterest Email


    (World Oil) – Equinor and Aker BP have announced a new gas and condensate discovery in the North Sea after drilling two exploration wells at the Lofn and Langemann prospects, marking a promising start for Production Licence 1140.

    Equinor strikes gas in North Sea wildcat wells, opening new development potential – Oil & Gas 360
    Taken with sony a7 2

    The wildcat wells—15/5-8 S and 15/5-8 A—were drilled about 7 km north of the Eirin field and roughly 240 km west of Stavanger using Odfjell Drilling’s Deepsea Atlantic rig. The license, awarded in 2022, is now seeing its first exploration results.

    Early estimates indicate that the Lofn prospect contains 22–63 million barrels of oil equivalent, while Langemann could hold 6–50 million barrels. Together, the finds represent a meaningful addition to the area’s resource base.

    Both wells encountered gas and condensate in the Middle Jurassic Hugin Formation, confirming hydrocarbon-bearing sandstone reservoirs. Although deeper Triassic targets were water-bearing, operators collected extensive samples and data to support further evaluation.

    Equinor said the companies will now assess development options, including possible tiebacks to existing North Sea infrastructure—an increasingly important approach for maximizing value from smaller discoveries.

    “The Lofn and Langemann discovery marks the conclusion of a strong exploration year for Aker BP,” added Karl Johnny Hersvik, CEO of Aker BP. “Across three major discoveries, we have added more than 100 million barrels net to the company, including Omega Alfa and Kjøttkake earlier this year.”

    “This makes 2025 our most successful exploration year since Johan Sverdrup was discovered in 2010. These results are key to sustaining production above 500,000 barrels per day into the 2030s. The progress achieved this year reinforces our confidence in delivering on that trajectory,” Hersvik said.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleMetrics That Matter: Derivatives
    Next Article Digital artist Beeple put his face on a $100K robot dog next to Elon Musk and Picasso – it sold first
    Money Mechanics
    • Website

    Related Posts

    The United States produced more crude oil than any other country in 2025

    July 9, 2026

    Weekly Gas Storage: Inventories increase by 61 Bcf

    July 9, 2026

    The 250-year history of U.S. energy consumption

    July 8, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Why Social Security’s Trust Fund Could Be Depleted Even Earlier

    July 9, 2026

    Micron Gives Stocks a $250 Billion AI Boost: Stock Market Today

    July 9, 2026

    High Mortgage Rates Are Secretly Boosting Airbnb Host Profits

    July 9, 2026

    Forever Stamp Prices Rise July 12: Should You Stock Up Now?

    July 9, 2026

    Subscribe to Updates

    Please enable JavaScript in your browser to complete this form.
    Loading

    At Money Mechanics, we believe money shouldn’t be confusing. It should be empowering. Whether you’re buried in debt, cautious about investing, or simply overwhelmed by financial jargon—we’re here to guide you every step of the way.

    Facebook X (Twitter) Instagram Pinterest YouTube
    Links
    • About Us
    • Contact Us
    • Disclaimer
    • Privacy Policy
    • Terms and Conditions
    Resources
    • Breaking News
    • Economy & Policy
    • Finance Tools
    • Fintech & Apps
    • Guides & How-To
    Get Informed

    Subscribe to Updates

    Please enable JavaScript in your browser to complete this form.
    Loading
    Copyright© 2025 TheMoneyMechanics All Rights Reserved.
    • Breaking News
    • Economy & Policy
    • Finance Tools
    • Fintech & Apps
    • Guides & How-To

    Type above and press Enter to search. Press Esc to cancel.