Vår Energi: Oil discovery in the Barents Sea

Recoverable resources are so far estimated at 31 – 50 million barrels of recoverable oil. Further development of the discovery towards the planned infrastructure for the Johan Castberg field will be considered at a later stage. The proven resources may thus generate important additional value and tax revenues for society from the Johan Castberg field.

This is the eleventh exploration well in production licence 532, which is operated by Equinor. The licence was awarded in the 20th licensing round in 2009.