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Stock impact report

Equinor discovers oil and gas near Tyrihans field offshore Norway [Yahoo! Finance]

Equinor ASA (EQNR) 
Last equinor asa earnings: 2/6 12:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
The discovery was made through exploration well 6407/1-B-2 H, the first well drilled within production licence 1121, using the Transocean Encourage drilling rig, in 275m water depth. The exploration drilling targeted two geological formations in the Middle Jurassic period, the Garn Formation and the Ile Formation. It reached a measured depth of 4,590m, with a vertical depth of 4,045m below sea level. The well encountered around 6m of condensate and light oil column in the Garn Formation, with sandstone exhibiting poor to moderate reservoir characteristics. In the Ile Formation, the well found a 63m gas and condensate column within sandstone that displayed poor to good reservoir properties. The well was terminated in the Ror Formation, also within the Middle Jurassic sequence. Preliminary estimates indicate the discovery contains between 0.2 and 1.3 million standard cubic metres (mscm) of recoverable oil equivalent, which equates to one to eight million barrels (mbbl). T Show less Read more
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