Equinor secured the S-M-1617 block in Brazil, strengthening its Santos basin position and reinforcing growth ambitions with a 100% stake and $5.5M investment.

In addition, the oil service companies Archer Oiltools and Baker Hughes Norge have won framework agreements for plugging services.

The development consists of six gas discoveries and flexibility for three prospects in addition, utilizing existing infrastructure and processing capacity at Åsgard B.

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.

In 2024, the Troll field in the North Sea produced more gas than ever before. At the same time, CO2 emissions were significantly reduced.

The discovery is currently estimated at between 2 and 12 million barrels of oil equivalent.

The project includes a CO2 gathering network and onshore compression facilities as well as a 145km offshore pipeline and subsea injection and monitoring facilities for the Endurance saline aquifer.