Norway’s Equinor Makes Oil Discovery Near Huge Arctic Field

Equinor has made an oil discovery in a wildcat well in a prospect close to the giant Johan Castberg field in the Barents Sea, the Norwegian Offshore Directorate said on Wednesday. Equinor, as the operator, and its partners in the Polynya Tubåen prospect, Var Energi and Petoro, estimate to have found between 14 and 24 million barrels of recoverable oil equivalent, and are now considering whether they could tie the discovery back to the Johan Castberg field. In 2025, Equinor started up the Johan Castberg project, which…