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Tullow finds oil and gas off Norway

MOL makes oil and gas find off Norway

Mar 18, 2020
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MOL Group’s wholly owned subsidiary MOL Norge AS and its joint venture partners have discovered oil and gas in an offshore field located about 200km west of Stavanger in the Norwegian part of the North Sea.

The exploration well in the 820S licence area was drilled to a maximum depth of 2,652 meters below sea level and oil and gas were found in a number of formations and were successfully tested for about 3,463 barrels of oil equivalent per day. The potential resources discovered in the main formation are between 12 and 71 million barrels of oil and gas equivalent.

The firm said that the commerciality of the discovery will be determined later, following additional technical work.

MOL Norge AS with 40 per cent working interest is the operator of the 820S license on behalf of partners Lundin Norway AS (40 per cent), Wintershall Dea Norge AS (10 per cent) and Pandion Energy AS (10 per cent).

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