Gas discovery in the Norwegian Sea

Equinor and its partners, Okea and Pandion Energy, have proven gas and condensate in the “Mistral Sør” exploration well in the Halten area, situated in the southern part of the Norwegian Sea.
Preliminary estimates indicate that the discovery contains 3-7 million standard cubic metres (Sm3) of recoverable oil equivalent (o.e.), which corresponds to 19-44 million barrels of recoverable o.e.

“Norwegian gas is in high demand and is crucial to Europe’s energy security. That’s why it’s important for us to continue exploring and making new discoveries so we can maintain a high level of deliveries. This discovery was made in an area where gas infrastructure is already in place, and which we’re also continuing to develop. We have active exploration efforts under way in this area, which have resulted in several discoveries in recent years,” says Grete B. Haaland, Equinor’s senior vice president for Exploration & Production North.
The licensees’ assessment is that this is a commercial discovery, and they will consider tie-back to existing infrastructure or development together with other discoveries in the area.
The discovery was made in the Åsgard and Kristin area in the Norwegian Sea. Mistral Sør is situated just a short distance north of Linnorm, the largest gas discovery on the Norwegian continental shelf (NCS) that has yet to be developed. Equinor took over the operatorship for Linnorm in 2023. A discovery was also made in 2024 in the Lavrans field. Lavrans is currently being developed with a tie-back to the Kristin Sør field.
Mistral Sør was drilled by the Deepsea Atlantic (Odfjell Drilling) rig in production licence 1119. The objective of the well was to prove petroleum in Middle Jurassic sandstone in the Garn Formation, with a secondary target in the Ile Formation.
Well 6406/6-7 S encountered an approx. 45-metre hydrocarbon column in the Garn Formation, with good reservoir properties. The well was drilled to a vertical depth of 4024 metres below sea level, and was terminated in the Ror Formation in the Lower Jurassic. Water depth at the site is 256 metres. Extensive data acquisition and sampling have been carried out.
The well will be permanently plugged, and the Deepsea Atlantic will leave the location to commence drilling on 15/8-G-4 Utgard.
No hydrocarbons were proven in the secondary exploration target.
Facts
- The Mistral Sør licence was awarded in APA 2020
- Equinor Energy ASA is the operator (50 per cent)
- The other licensees are Okea (30 per cent) and Pandion Energy (20 per cent)

Latest news
Announcement of cash dividend per share in NOK for third quarter 2024
Equinor ASA announced on 24 October 2024 an ordinary cash dividend per share of USD 0.35 and an extraordinary cash dividend per share of USD 0.35 for third quarter 2024.
Notifiable trading
Allocation of shares to certain primary insiders and their close associates in Equinor under Equinor’s share savings plan.
Equinor appeals fine for violation of market regulations in France
The French Energy Regulatory Commission (CRE) has imposed a fine of 4 million Euros on Equinor for two cases of REMIT* violation in connection with the booking of annual gas transmission capacities, one in 2019 and one in 2020. Equinor will appeal the decision.