Equinor ASA (NYSE:EQNR) reportedly plans to invest 60-70 billion Norwegian crowns ($5.7-$6.7 billion) annually in offshore oil and gas projects in Norway until 2035.
Equinor plans to supply 40 billion cubic meters of gas to Europe annually until 2035, reported Reuters.
Equinor aims to produce 1.2 million barrels of oil equivalent per day (boed) in Norway by 2035, down from 1.4 million boed in 2023. The company anticipates sustained strong demand for fossil fuels.
As per the report, the company plans to drill 20-30 exploration wells annually over the next decade.
Anders Opedal, CEO of state-controlled Equinor, ...
