Following today’s announcement by Equinor and the Norwegian Petroleum Directorate regarding the Blasto oil discovery in the Norwegian sector of the North Sea, Neptune Energy’s managing director in Norway, Odin Estensen said: “We are proud to be partnering with Equinor on such a significant discovery. Blasto is the first of two exploration wells we will drill in the Fram area this year, and fits with our strategy for exploration close to our existing infrastructure.

"These are important resources which can be brought into production quickly. It’s also a strategically important discovery for Neptune and underlines our commitment to continue growing our business in the Norwegian sector. In the last 15 months, we have participated in five exploration wells, and four of these have resulted in discoveries.”

Equinor's original announcement is available here.