Equinor is a top performer in Norway
Equinor is the operator of 20 projects under development in Norway. This is a solid and profitable portfolio, creating ripple effects and value all over the country, in spite of challenges related to Covid-19 for the entire industry. In the national budget published today, the Ministry of Petroleum and Energy presents the status for selected projects that are under development or have recently come on stream. Ten Equinor-operated projects are included in this year’s list, with capital expenditures totalling more than NOK 255 billion (2021 value).
“On average, more than 70 percent of the contracts for these projects have been awarded to Norwegian contractors, securing tens of thousands of jobs all over the country in the project phase,” says Arne Sigve Nylund, Equinor’s executive vice president for Projects, Drilling & Procurement.
Large projects such as Johan Sverdrup phase 2, Breidablikk and Hywind Tampen are on schedule. In addition, Equinor and its partners have made investment decisions for Kristin South and Askeladd West, in addition to Troll C electrification and partial electrification of Troll B
In this year’s national budget, three Equinor-operated projects have undergone significant changes since last year’s reporting:
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