Equinor and partners have struck oil and gas in the Fram area, nine kilometres north of the Troll field in the North Sea.
One exploration well has encountered petroleum in two reservoirs. One of the discoveries consists of both oil and gas, while the other one is just gas. In total, the resources are estimated at between 0.1 and 1.1 million standard cubic metres. The reservoir properties are assessed as moderate to very good. The preliminary name of the discovery is F-South.
"These are discoveries in an interesting area with a well-developed infrastructure. In recent years, we have made several discoveries in the neighbourhood, and we plan to further explore the area. We believe that we may encounter more, both oil and gas," says Geir Sørtveit, Equinor's senior vice president for Exploration & Production West on the Norwegian continental shelf.
Key data points: The growth forecast = 6.6% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in smart oilfield market to 2031 by component (hardware, software, and services), technology (internet of things, artificial intelligence & machine learning, cloud computing, data analytics, and automation & remote monitoring), application (upstream activities, midstream activities, and downstream activities), end use (independent oil & gas operators, national oil companies, international oil companies, service companies, government & regulatory bodies, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pagesThe licensees will consider tying F-South back to existing or future infrastructure.
