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- Norwegian continental shelf still has a great potential

( - We are pleased to be able to start the new year to announce a new discovery. Search for resources near existing infrastructure is a central part of Equinors strategy to further develop the Norwegian continental shelf, and this is a type of findings we are depending on in the coming years, says Equinors exploration director for the Norwegian and the uk continental shelf, Nick Ashton.

Together with its partners, ExxonMobil, Petoro and Total have Equnior demonstrated a gas and condensate discovery in the exploration well Ragnfrid North in the Norwegian sea.

the Recoverable resources are estimated to be between 6 and 25 million barrels of oil equivalent.

- Together with the previous findings, Lavrans and Erlend East, Ragnfrid the North provide a clearer picture of the future potential of this part of the Norwegian sea, " says Ashton.

Ragnfrid North is located approximately 20 kilometres south of the Kristin platform and the partnership will now consider an extension of the discovery towards the Kristin field, as well as a development of the Kristin South project.

Ragnfrid North-finding can increase the probability of a find for other prospects and open up new dimensions in this central area in the Norwegian sea. This we will see in the future when we analyze the results further, " says Equinor director.

- Norwegian continental shelf still has a great potential, " states he.

exploration drilling, which started on 3. October of last year was carried out by Seadrills semi-submersible drilling rig "West Phoenix".

Now to the rig on the uk continental shelf to drill Big Foot prospect where Equinor is the operator.

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