In the North Sea, Equinor and Aker BP Discover New Gas and Condensate Field

Norwegian companies Equinor and Aker BP have announced a gas and condensate discovery near the Balder field in the North Sea. According to Oilprice.com, citing Norway's Offshore Directorate, the exploration well was drilled 16 kilometers northwest of the Balder field and 205 kilometers west of Stavanger, with preliminary estimates putting the discovery's size between 0.1 and 2.1 million standard cubic meters of recoverable oil equivalent. The announcement was made on Monday, August 24, 2026 (2 Shahrivar 1405). Norway, which became the European Union and UK's largest gas supplier after most Russian gas to Europe was cut off, produces more than 4 million barrels of oil equivalent per day, split roughly evenly between oil and gas.