Company Report

Equinor oil and gas exploration summary

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In 2021, Equinor unveiled a plan to accelerate its transition towards new energy and low-carbon solutions. However, the company has reassessed its renewable ambitions in the face of global energy security and demand challenges and is now targeting increased production from its upstream portfolio, to 2030. Whilst the strategic direction is maintained, the pace of transition away from its core upstream business may take longer than anticipated. In the near term, exploration for advantaged barrels will play an increased role, as the company aims to reach net-zero by 2050.

Table of contents

Tables and charts

This report includes the following images and tables:

  • Equinor's current acreage - top 15 countries (in km2)
  • Production from new field discoveries as a proportion of all future production
  • Finding and development costs for added resources
  • Full-cycle economics
  • Top 10 conventional discoveries by development value (2015-2024)
  • Net exploration and appraisal wells by country
  • Exploration & appraisal spend and reinvestment
  • Exploration success rates
  • Largest 10 conventional discoveries (net, 2015 to 2024)
  • Volumes discovered by year
  • Volumes discovered by water depth
  • Volumes discovered by country
  • 5 more item(s)...

What's included

This report contains:

  • Document

    Equinor oil and gas exploration summary

    PDF 2.90 MB