Eni announces offshore oil discovery in Norway
Eni announces offshore oil discovery in Norway

Oil giant Eni announced new oil discovery through Var Energi in the Barents Sea. According to the company: “Eni through Var Energi, jointly owned by Eni (69.85%) and by HitecVision (30.15%) announces a new oil discovery in production license PL532 in the Barents Sea by drilling the exploration well 7220/7-4 on the Isflak exploration prospect. Var Energi AS holds a 30% stake in the licence, while Equinor Energy (which is the Operator) holds 50% and Petoro AS 20%,” the company said in a statement. The well is situated approximately 10 km southwest of the Skrugard discovery and 230 km northwest of Hammerfest in a water depth of 349 m. It was drilled with the semisubmersible drilling rig Transocean Enabler,”. The discovery is estimated to contain between 65-100 million barrels of oil.