Equinor has announced a promising oil and gas discovery near the Fram field in the North Sea, with estimates suggesting the find contains between 13 and 28 million barrels of oil equivalent. This discovery was made during drilling operations on the Rhombi prospect, located approximately 10 kilometers north of the Troll field. Both oil and gas were encountered, with gas making up slightly more than half of the total volumes. Equinor plans to explore options for tying this discovery into existing infrastructure, which could facilitate efficient development and reduce costs associated with extraction3

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The exploration well was drilled by the Deepsea Atlantic semi-submersible rig, marking a significant addition to Equinor's ongoing efforts in the region. Geir Sørtveit, Equinor's senior vice president for Exploration & Production West in Norway, expressed excitement about this find, noting that it underscores the company's commitment to maximizing resource utilization while maintaining low emissions. This discovery is particularly notable as it follows a series of successful explorations in the area over recent years, contributing to a growing portfolio of assets for Equinor

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In broader industry news, the Oil & Gas Decarbonization Charter has reported substantial progress among its signatory companies towards reducing greenhouse gas emissions. The Charter aims for net-zero operations by 2050 and near-zero methane emissions by 2030. With 54 companies representing nearly 45% of global oil production participating, the initiative is gaining momentum as firms work collaboratively to share best practices and enhance transparency in emissions reporting. This collective effort aligns with global climate goals and reflects a shifting focus within the industry towards sustainability