Business

Discovery of the largest oil deposit in the North Sea for a decade


The deposit is located in the largest gas extraction zone in the North Sea – Yggdrasil. His existence has already been suspected, and in the 1970s, gas was already extracted in the vicinity, but thanks to today's technologies it was possible to confirm the occurrence of hydrocarbons suitable for extraction in this place.

Including smaller discoveries made since the beginning of this year, the total potential of the deposit is estimated at 700 million barrels of oil equivalent. It's more than three times more than the field in the vicinity of Świnoujście, of which the discovery was informed by Central European Petroleum a few weeks ago.

Ashley Davis

I’m Ashley Davis as an editor, I’m committed to upholding the highest standards of integrity and accuracy in every piece we publish. My work is driven by curiosity, a passion for truth, and a belief that journalism plays a crucial role in shaping public discourse. I strive to tell stories that not only inform but also inspire action and conversation.

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