Vaar Energi makes oil discovery near Arctic Goliat field
The preliminary estimated gross recoverable resources found in the well are between 15 million and 43 million barrels of oil equivalent and come on top of two other discoveries made in the area, Vaar said.
"Close proximity to existing infrastructure provides opportunity for a fast track, low emission, cost-efficient development utilising available capacity... adding high value barrels," Vaar Chief Operating Officer Torger Roed said.
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Vaar Energi, majority owned by Italy's Eni (ENI.MI), opens new tab, is the operator with a 65% stake, while Equinor (EQNR.OL), opens new tab owns the remaining 35%.
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