A discovery of oil and gas has been made by Equinor in Norway

On Tuesday, Equinor (EQNR.OL) announced that it has found a new oil and gas reserve near the Troll field in the North Sea. The discovery is estimated to have between 24 million and 84 million barrels of oil equivalent, with a slight prevalence of oil over gas.

Equinor described the find as commercially viable, in part because it can be linked to existing infrastructure that is connected to the company’s Troll B floating processing and accommodation platform.

Equinor stated that to obtain a more accurate assessment of the discovery’s size and recoverable volumes, an appraisal well is required.

The discovery, named Heisenberg, is Equinor’s eighth find in the Troll field region since 2019. The Norwegian Petroleum Directorate reported that Equinor owns a 51% stake in the license, while DNO owns 49%.

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