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Equinor makes its first 2020 discovery on the NCS
Equinor (75%) and partner Neptune Energy (25%) have reported an oil discovery in the Sigrun East prospect in the North Sea. Recoverable resources are estimated at 7–17mn boe.
‘Sigrun East is a win-win. Exploring near existing infrastructure we prove resources that can be profitably realised, while producing with low CO2 emissions,’ says Equinor’s Senior Vice President for Exploration in Norway and the UK, Nick Ashton.
The average CO2 emissions per produced unit on the Norwegian Continental Shelf (NCS) is around half compared to the international average, according to Equinor. The company’s goal is to reduce total greenhouse gas (GHG) emissions from its operated fields and onshore facilities in Norway by 40% by 2030.
‘We have said that we aim to be an industry leader on carbon-efficient production. Sigrun East contributes towards this end. Calculations so far indicate that we will manage to produce the oil with carbon emissions below 8 kg/b,’ says Ashton.
It is planned to produce Sigrun East oil via the nearby Gudrun field.
News Item details
Journal title: Petroleum Review
Countries: Norway -
Subjects: Oil, Exploration and production, Carbon emissions
