Equinor Discovers Oil/Gas at Granat Prospect, Ties to Gullfaks Infrastructure

Equinor ASA (EQNR) and partners Petoro and OMV announced a hydrocarbon discovery at the Granat prospect, located near the Gullfaks field in the North Sea. Preliminary estimates indicate recoverable resources of 1.3–3.8 million barrels of oil equivalent. The discovery, 118 miles northwest of Bergen, is being evaluated for tie-back to existing Gullfaks infrastructure to optimize development costs. As operator of Production License 936, Equinor is pursuing infrastructure-led exploration to bolster production from the Norwegian Continental Shelf. The company plans 20–30 exploration wells annually, with 80% focused on areas adjacent to existing facilities. Despite strong exploration results in 2025, Norway requires additional discoveries and investment to counteract anticipated production declines from the late 2020s.