Major oil and gas discovery made in Norwegian Sea

Major oil and gas discovery made in Norwegian Sea

A major oil and gas discovery has been made at the Vidsyn prospect in the Norwegian Sea by the Norwegian oil company, Vaar Energi. Speaking in a statement, Vaar explained that initial estimates show that the discovery holds recoverable reserves between 25 million and 40 million barrels of oil. Vaar Energi explained that it will evaluate the discovery and consider tying in the development with the existing Fenja oil and gas field. The Norwegian o…

Var Energi Makes Gas, Condensate Find Offshore Norway

'Vidsyn is an exciting discovery', SVP Exploration at Var Energi, Luca Dragonetti, said.

Vaar Energi Discovers New Oil and Gas Field in the Norwegian Sea

Norwegian oil company Vaar Energi announced on Monday the discovery of an oil and gas field at the Vidsyn block in the Norwegian Sea. According to preliminary data presented by the company, recoverable reserves at the new field are estimated in the range of 25 million to 40 million barrels of oil equivalent, reports Reuters. In its statement, Vaar Energi said it plans to conduct a detailed assessment of the discovery and is considering the possi…