Equinor (EQNR.OL) has made an oil discovery estimated to hold up to 62 million barrels of crude off the coast of Norway, the energy major said on Monday. The discovery, just north of the Tyrihans field and west of the Kristin development in the Norwegian Sea, was the state-controlled firm’s sixth find in domestic waters this year, it said. Equinor seeks to map out resources close to oil and gas fields that are already in operation, thus speeding up development time and maximising the value of its investments. “Future value creation will largely come from increased recovery from existing fields, and connection of new discoveries close to existing infrastructure,” Equinor said in a statement. “Such near-field discoveries are profitable, robust against fluctuations in oil (and) gas prices, they have a short payback period and low emissions,” the company added. As the pressure mounts on […]