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

Iberdrola Names New CEO

Iberdrola Names New CEO

All Inter-Array Cables Installed at 488 MW French Offshore Wind Farm

All Inter-Array Cables Installed at 488 MW French Offshore Wind Farm

Jotun FPSO Starts Production at Balder Field in North Sea

Jotun FPSO Starts Production at Balder Field in North Sea

Current News

Mauritius Seeks Investors for Floating Power Plant

Oil and Gas to Wind Cross-Skill Pilot Delivers First Batch of Qualified Technicians

Iberdrola Names New CEO

Aker BP Installs New Jacket at Valhall Field in Southern North Sea (Video)

Subscribe for OE Digital E‑News

Offshore Engineer Magazine