Reserves at Snoehvit Gas Field Cut

(Photo: Equinor)
(Photo: Equinor)

Reserves at Equinor's Snoehvit field, the only producing natural gas field in the Barents Sea, were revised down by 8.5 percent, the Norwegian Petroleum Directorate said on Monday.

Estimates for gross reserves were reduced by 17 million cubic meters (107 million barrels) of oil equivalent, on top of a reduction stemming from last year's production, the regulator said in its annual update of Norwegian petroleum resources.

"The reduction in gross reserves is due to the fact that the reserves in the Snoehvit field have been reduced due to an updating of the geological models," it said in a statement

Equinor was not immediately available for comment.


(Reporting by Nerijus Adomaitis, editing by Terje Solsvik)

Current News

BOEM Completes Environmental Review of Suction Bucket Test

BOEM Completes Environmental R

Tanzanian LNG Project Delayed as Government Seeks to Change Terms

Tanzanian LNG Project Delayed

Colombia's Ecopetrol Exploring Participation in Offshore Wind Auction

Colombia's Ecopetrol Exploring

Exxon Sees Hess Arbitration Dragging into 2025

Exxon Sees Hess Arbitration Dr

Subscribe for OE Digital E‑News

Offshore Engineer Magazine