Remove Basin Remove Dry Hole Remove Energy
article thumbnail

Equinor drills dry hole west of Florø

Oil & Gas Journal

Alex Procyk July 17, 2025 95931355 © Alena Redchanka | Dreamstime.com Equinor Energy AS drilled a dry well in the Garantiana NV prospect in production license (PL) 554 about 120 km west of Florø in the North Sea, the Norwegian Offshore Directorate reported July 17. The reservoir was aquiferous, and the well is classified as dry.

article thumbnail

AI in Oil and Gas Exploration

Aresco

Drilling a dry hole can cost hundreds of millions of dollars. Soon, AI may be able to generate entire basin models in real time, optimize exploration portfolios, and autonomously propose drilling locationsall with greater accuracy than ever before. This helps teams assess risk more quantitatively.