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.
Exporting 16 million m3/day, this project meets 15% of Brazil’s gas demand, boosting energy security, Equinor’s equity production, and long-term cash flow.
Equinor has identified a new oil discovery in the Polynya Tubåen prospect, adding up to 24 million barrels to strengthen the Johan Castberg development.
The company identified oil and gas near existing infrastructure in the Troll and Sleipner areas, strengthening energy exports to Europe through efficient field tie-backs.
The commercial find containing up to 89 million barrels will be fast-tracked using existing North Sea infrastructure to bolster European energy security and production levels.
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.