OSLO (Reuters) - Vaar Energi has made an oil discovery in its Zagato prospect some 8 km (5 miles) north of the Arctic Goliat oilfield, the company and the Norwegian Offshore Directorate said on
Vaar Energi makes oil discovery near Arctic Goliat field
OSLO (Reuters) - Vaar Energi has made an oil discovery in its Zagato prospect some 8 km (5 miles) north of the Arctic Goliat oilfield, the company and the Norwegian Offshore Directorate said on Thursday.
The preliminary estimated gross recoverable resources found in the well are between 15 million and 43 million barrels of oil equivalent and come on top of two other discoveries made in the area, Vaar said.
"Close proximity to existing infrastructure provides opportunity for a fast track, low emission, cost-efficient development utilising available capacity... adding high value barrels," Vaar Chief Operating Officer Torger Roed said.
Vaar Energi, majority owned by Italy's Eni, is the operator with a 65% stake, while Equinor owns the remaining 35%.
(Reporting by Terje Solsvik, editing by Essi Lehto)
