EQNR Secures New Production Licenses in Predefined Areas of the NCS [Yahoo! Finance]
Equinor ASA (EQNR)
Last equinor asa earnings: 2/6 12:43 am
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Source: Yahoo! Finance
These licenses grant the company new acreage in the North Sea, Norwegian Sea and Barents Sea for oil and gas exploration and production in existing and untapped areas of the Norwegian Continental Shelf (NCS). The awards enable EQNR to expand its exploration and production portfolio across the NCS while strengthening its business model. Equinor is set to operate 17 of the 35 newly awarded licenses, which are geographically distributed with 21 in the North Sea, 10 in the Norwegian Sea, and four in the Barents Sea. Equinor intends to drill 20 to 30 exploration wells yearly, with around 80% focused on current infrastructure and around 20% dedicated to new concepts and frontier areas. This strategy aligns with efforts to mitigate the expected decline in oil and gas production from NCS. Furthermore, to sustain current production levels, EQNR is targeting the addition of six to eight new subsea developments yearly through 2035. While awards like these enable EQNR to generate addition
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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