Equinor ASA, formerly known as Statoil, is a Norwegian multinational energy company headquartered in Stavanger, Norway. Established in 1972, Equinor is primarily engaged in the exploration, production, and marketing of oil and natural gas, as well as developing renewable energy solutions. The company's operations span over 30 countries, with a significant presence on the Norwegian continental shelf. Equinor is committed to long-term value creation in a low-carbon future, investing in offshore wind, solar energy, and carbon capture and storage (CCS) technologies. With approximately 21,000 employees, Equinor emphasizes safety, sustainability, and innovation, aiming to provide energy for people and progress for society while reducing environmental impact.
The Lofn and Langemann wells in license 1140 lie between Gudrun and Eirin, with estimated recoverable volumes of 5–18 million Sm³, or 30–110 million barrels.
Bacalhau is the largest of Equinor's international field, with 1+ billion barrels in reserves and a capacity of 220,000 barrels per day, using a lower-carbon FPSO in ultra-deep water Brazil.
Equinor and its partners have successfully started Phase 2 of the Åsgard subsea compression project in the Norwegian Sea, installing the final module to boost recovery and add 306 million barrels of oil equivalent.
An exploration well has discovered both oil and gas, and a separate gas discovery. The resources are estimated at 0.1 to 1.1 million standard cubic meters.
Equinor and partners invest NOK 13 billion in Johan Sverdrup's third phase, a carbon-efficient field, increasing recovery by 40-50 million boe via new subsea infrastructure.
Adura plans to increase its oil equivalent production from approximately 140,000 barrels per day this year to over 200,000 barrels per day within the next five years.
Equinor secured the S-M-1617 block in Brazil, strengthening its Santos basin position and reinforcing growth ambitions with a 100% stake and $5.5M investment.