7120/12-2 (Alke Sør) is a discovery in the southern Barents Sea, 54 kilometres south of the Snøhvit field and 55 kilometres west of the Goliat field. The water depth is 160 metres. The discovery was proven in 1981. The reservoirs contain gas and condensate in sandstone of Jurassic and Late Triassic age in the Stø and Snadd Formations, at a depth of 1,900 metres. Since processing capacity available for third-party use at Melkøya is not foreseen before around 2040, alternative development scenarios are currently being considered, for example to increase capacity at Melkøya or a new LNG terminal.