Equinor Discovers New Gas Reserves at Gullfaks South Field

Key Facts

1Equinor announced a gas discovery estimated between 3.1 and 10.3 million barrels of oil equivalent at the Gullfaks South field.

Equinor announced a gas discovery estimated between 3.1 and 10.3 million barrels of oil equivalent at the Gullfaks South field. Reuters reported that the discovery was made through the drilling of an exploration well in the North Sea, located 190 kilometers northwest of Bergen, with the goal of increasing reserves near existing infrastructure.

EQNR closed at $41.61 on October 7, 2026, with the stock reaching a day high of $43.08 and a low of $41.51 during that session. The discovery supports the company's reserve replacement strategy and overall production levels through tangible resource additions in its primary operating regions.