Equinor Awards $10B in Maintenance Contracts to Supplier Companies [Yahoo! Finance]
Equinor ASA (EQNR)
Last equinor asa earnings: 2/6 12:43 am
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Source: Yahoo! Finance
The contract is for five years with two extension options, one for two years and the other for three years. The contract will be in effect in the first half of 2026. According to EQNR, the Norwegian Continental Shelf (NCS) will remain EQNR's main source of energy production, and will need maintenance and upgradation to lower costs, as NCS is ageing. This maintenance and modification work aligns with Equinor's aim to continue daily production of 1.2 million barrels of oil and gas to reliably supply Europe until at least 2035. To achieve its goal, EQNR is partnering with Norwegian suppliers to adopt smarter, more efficient ways of working through long-term partnerships. EQNR expects this contract to generate 4,000 man-years of work. However, to support its goal, Equinor will invest around NOK 60-70 billion annually while planning to drill 250 exploration wells for discoveries, along with 600 wells to enhance production from its active fields. EQNR plans to conduct annual repair
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EQNR
Earnings
- 10/29/25 - Miss
EQNR
Sec Filings
- 1/20/26 - Form 6-K
- 1/20/26 - Form 6-K
- 1/13/26 - Form 6-K
- EQNR's page on the SEC website