The Norwegian government reported results Thursday from an appraisal well in the North Sea that were better than operator Equinor expected. The Norwegian Petroleum Directorate, the nation’s energy regulator, reported that Equinor has finished drilling an appraisal well at its Sigrun oil and gas discovery just south of the producing Gudrun field in the Norwegian waters of the North Sea. Equinor before the results were in put the estimated reserve potential at between 1.8 million and 8.8 million barrels of recoverable oil equivalent. The NPD estimate from the results was between 6.9 million and 12.5 million barrels of recoverable oil equivalent. The results are important for a Norwegian government fretting over recent declines in offshore production. Apart from Russia, Norway is also one […]