Equinor Encounters New Oil at Johan Castberg Field, Boosts Reserves

Key Takeaways EQNR's Zacks Rank & Key Picks EQNR currently carries a Zacks Rank #3 (Hold). New Discovery at the Barents Sea The exploration well, 7720/7-DD-1H, was drilled in the Drivis Tubåen prospect of the Johan Castberg field. The Johan Castberg field lies within the production license (PL) 532. Per the Norwegian Offshore Directorate, this exploratory well is the 14 one drilled within PL 532. It was drilled as an exploratory extension from another producing well. The new discovery will add to the existi ...