Equinor has discovered 12-28 million barrels of recoverable oil with the Telesto exploration well in the Norwegian North Sea.
Telesto was drilled from the Visund A platform in the Tampen area in the northern North Sea.
Equinor and partners Petoro, ConocoPhillips and Repsol will now come up with a plan for developing the discovery.
Nick Ashton, Equinor’s senior vice president for exploration in Norway and the UK, said: “We are pleased to have made a new discovery on Equinor-operated acreage on the Norwegian continental shelf (NCS).
“These are profitable barrels that can be quickly tied in to existing infrastructure and generate substantial revenues for society. Infrastructure-led exploration is an important part of our roadmap for the NCS.”
Gunnar Nakken, Equinor’s senior vice president for Operations West, said: “We have a well developed infrastructure that enables high generation of value in the North Sea.
“We have set ourselves an ambitious goal of sustaining high production from the NCS for decades, and discoveries like this are essential towards this end. It will be natural to tie in the resources to the Visund A platform.”