EQNR Equinor ASA

   By Dominic Chopping 
 

Norway's Statoil ASA (STO) said Thursday that with partner Total (TOT) they have made a gas and condensate discovery in the Julius prospect in the King Lear area of the North Sea.

Statoil estimates volumes in Julius are between 15 million and 75 million barrels of recoverable oil equivalent.

It is expected that the King Lear volumes will stay within the previously communicated range of 70 million-200 million barrels of recoverable oil equivalent.

Following the results of the Julius well, the partnership will start working on a plan for a development of the discovered resources, it added.

-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @WSJNordics

Subscribe to WSJ: http://online.wsj.com?mod=djnwires