Reserves at Snoehvit Gas Field Cut

Monday, February 18, 2019
(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)

Categories: Europe Oil

Related Stories

Germany's SEFE and Azerbaijan's SOCAR Enter Long-Term Gas Supply Deal

Germany's SEFE and Azerbaijan's SOCAR Enter Long-Term Gas Supply Deal

UK Firm Seeks Suppliers to Build Full-Scale Tidal Energy Prototype

UK Firm Seeks Suppliers to Build Full-Scale Tidal Energy Prototype

First French Floating Wind Farm Fully Commissioned

First French Floating Wind Farm Fully Commissioned

Current News

North Sea O&G Operators Opt for Flylogix Drones to Tackle Methane Emissions

Veolia to Provide Seawater Desalination Tech for Two Santos Basin FPSOs

ABL Lands Work on BP’s Indonesian Gas and CCUS Project

Seatrium Picks ABB to Supply Electrical Equipment for Petrobras' FPSOs

Subscribe for OE Digital E‑News

Offshore Engineer Magazine