Norwegian state-owned oil and gas giant Equinor has found no commercial hydrocarbons in an exploration well in the Barents Sea, which was drilled with COSL Drilling Europe’s semi-submersible rig off the coast of Norway.
As the global energy security mission continues to keep oil and gas in high demand, the Norwegian Offshore Directorate (NOD), reporting to Norway’s Ministry of Energy, has emphasized that the Norwegian Continental Shelf (NCS) will yield more hydrocarbons in the upcoming years.
