2023-07-10 16:46:00
The gas and condensate deposit found on the so-called Carmen prospect would contain between 120 and 230 million barrels of oil equivalent (Mboe), DNO said in a press release. If the midpoint of this range (175 Mboe) were to be reached, it would make it the biggest discovery on the Norwegian continental shelf since 2013, he said. “ Norway is a perpetual gift commented the CEO of the group, Bijan Mossavar-Rahmani.
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Carmen remains of a limited size compared to other Norwegian fields such as the behemoths Statfjord, Ekofisk, Johan Sverdrup or even Troll, some of whose reserves exceed 3 billion barrels of oil equivalent. Its proximity to other deposits already discovered or exploited should, however, facilitate its development.
In addition to DNO, which holds a 30% share, the project partners are the Norwegian Wellesley Petroleum (50%), Equinor and Aker BP (10% each).
Gas projects
Despite the climate emergency, Norway, which last year became Europe’s largest gas supplier in the wake of the war in Ukraine, is struggling to break its dependence on the hydrocarbons that have made its fortune. Soaring prices and rising production have helped fill the coffers of the Norwegian state in 2022.
Last month, Oslo, to the chagrin of environmental activists, gave its approval to 19 oil and gas projects (opening or extending fields, investments aimed at increasing the rate of hydrocarbon recovery, etc.) a total value of more than 17 billion euros. Since the North Sea has already been widely exploited, important discoveries have become rarer in recent years.
(With AFP)
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