Company Report
Equinor oil and gas exploration summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
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
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Exploration strategy
- Exploration & Production Norway (EPN)
- Exploration & Production International (EPI)
- Renewables
- Results summary
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Current portfolio and exploration outlook
- Resources
- Production and potential cost of production
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Value creation
- Domestic exploration
- Deepwater value creation
- Key project offshore East Canada
Tables and charts
This report includes the following images and tables:
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Equinor's current acreage - top 15 countries (in km2)Production from new field discoveries as a proportion of all future productionFinding and development costs for added resources
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Full-cycle economicsTop 10 conventional discoveries by development value (2015-2024)Net exploration and appraisal wells by countryExploration & appraisal spend and reinvestmentExploration success ratesLargest 10 conventional discoveries (net, 2015 to 2024)Volumes discovered by yearVolumes discovered by water depthVolumes discovered by country
- 5 more item(s)...
What's included
This report contains:
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