Equinor, Aker BP discover hydrocarbons at two North Sea prospects

Core Insights - Equinor and Aker BP have made significant hydrocarbon discoveries at the Lofn and Langemann prospects in the Norwegian North Sea, marking their largest finds in the region for the year to date [2][3] Exploration Details - The exploration wells 15/5-8 S (Lofn) and 15/5-8 A (Langemann) were drilled at a water depth of 107m using the Deepsea Atlantic rig [1] - The Lofn prospect is estimated to hold between 3.5 and 10 million standard cubic metres of recoverable oil equivalent, translating to 22–63 million barrels of oil equivalent [2] - The Langemann prospect is estimated to contain 1–8 million standard cubic metres, or 6–50 million barrels of oil equivalent [2] Geological Findings - The Lofn well encountered gas and condensate-bearing sandstones with a thickness of 116m, including 36m of moderate-to-very good reservoir quality [4] - The Langemann well found 125m of gas and condensate-bearing sandstones with 31m of moderate-to-good reservoir quality [4] - Both wells also intersected intervals in the Skagerrak formation, with varying reservoir qualities [4][5] Future Development - Equinor and Aker BP plan to assess potential development options for the discoveries using existing infrastructure in the area [5] - The Deepsea Atlantic rig will move to the Sissel prospect for further exploration [5] Company Statements - Aker BP's CEO highlighted that the discoveries contribute to a strong exploration year, adding over 100 million barrels net to the company across three major discoveries [6]