Equinor Hits a Dry Spell With Two North Sea Exploration Wells

Equinor ASA (EQNR) has hit a dry spell in its latest North Sea exploration efforts. Two wells drilled with Odfjell Drilling’s Deepsea Stavanger semi-submersible rig off the coast of Norway failed to uncover hydrocarbons. These wildcat wells, identified as 35/10-14 S and 35/10-14 A, also known as the Kvernbit/Mimung, marked the first exploratory activities within production license 1185, awarded in 2023.Equinor, holding a 40% stake in the license, operates it alongside partners Vår Energi, Sval Energi and Ak ...