Equinor ASA is a Norwegian integrated energy company, primarily involved in exploration and production, with a diversified portfolio of assets and a strong presence in renewables. The company produces oil and gas in several countries, including Norway, Brazil, Angola and the United Kingdom, among others. The Norwegian Continental Shelf (“NCS”) is the company’s primary asset, accounting for nearly two-thirds of its equity oil and gas production. In the NCS, Equinor continues to bring new fields online and drive increased recovery from its existing fields to sustain high production levels.
In 2025, the company brought several new fields into production, including Johan Castberg and Halten East, which significantly boosted its production levels. The company made significant progress in its international portfolio, bringing new fields onstream, including the Bacalhau project in Brazil. For full-year 2025, the company achieved record production levels of 2,137 thousand barrels of oil equivalent per day (mboe/d).
Equinor plans to drill approximately 30 new exploration wells in the NCS in 2026. The company has projected a 3% increase in oil and gas production in 2026, raising production levels even higher than the record growth in 2025. In 2026, the company will execute 16 projects in Norway, most of which will be tiebacks to its existing infrastructure with low breakeven costs, supporting greater returns. EQNR’s focus on increasing production levels is expected to benefit the company, especially in the current commodity-price environment.
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