Equinor Secures 35 New Norwegian Offshore Licenses
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Equinor ASA has secured 35 new offshore licenses in Norway, enhancing its exploration and production capabilities through 2035. The licenses span the North Sea, Norwegian Sea, and Barents Sea, with Equinor acting as operator in 17 areas. The company plans to drill 20 to 30 exploration wells annually, focusing on both established infrastructure and new geological prospects. This move is crucial for maintaining production levels and offsetting declines in existing fields. Equinor shares rose 2.76% to $24.55 following the announcement.
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