Equinor consists of eight business areas, staffs and support divisions.
President and Chief Executive Officer (CEO)
The CEO is responsible for day-to-day operations, and presents proposals for strategy, goals, actions and financial statements, as well as important investments. Eldar Sætre is our President and CEO.
Chief Financial Officer (CFO)
The Chief Financial Officer (CFO) is the corporate controller with responsibility for the corporate finance functions. In addition, the CFO organisation manages the market perception of Equinor in Norwegian and international financial markets through active stakeholder management. The CFO drives performance within Equinor and provides professional support and advice. Chief Financial Officer Lars Christian Bacher heads the CFO organisation.
Legal has the global functional responsibility for all legal matters related to the Equinor group’s business and corporate activities, overall responsibility for advising on all legal matters and ensuring that activities related to ethics and anti-corruption are well organised and conducted in a satisfactory manner.
The corporate bodies’ secretariate within the group is also the responsibility of legal, which is a global organisation with employees in several locations in and outside Norway. Legal is headed by Senior Vice President and General Counsel Hans Henrik Klouman.
Corporate Communication (CCOM)
CCOM’s purpose is to protect and enhance Equinor’s reputation, supporting the company's effort to reach strategic goals. The function is responsible for media relations, internal communication, political and public affairs and brand communication, and advises the Board of Directors and senior management on communication issues. Corporate Communication is headed by Senior Vice President Reidar Gjærum.
Corporate Audit (COA)
Corporate Audit is responsible for auditing Equinor’s business to ensure that it is subject to adequate management and control. The function is responsible for investigation of accidents and cases of ethical misconduct, as well as all internal audits. Corporate Audit provides assurance, challenges current practice and provides information from a truly independent viewpoint. The head of Corporate Audit is Senior Vice President Jon Arnt Jacobsen.
Corporate people and leadership (Corporate PL)
CPL carries an overall responsibility for the corporate people and leadership function in the Equinor group. CPL will ensure one company approach to achieve sustainable global business for Statoil. The role of the CPL function is to establish the strategy direction for the function, set corporate functional standards and targets, and drive operational performance. CPL is headed by Senior Vice President Magne Andre Hovden.
Marketing, Midstream & Processing (MMP)
MMP’s goal is to maximise corporate value creation in Equinor’s mid- and downstream business through safe, reliable and efficient operations. The business area is responsible for capturing the full value potential of all marketed and traded products such as crude oil, liquids and natural gas. MMP is headed by Executive Vice President Irene Rummelhoff.
Development & Production Norway (DPN)
DPN is responsible for safe and efficient operations on the Norwegian continental shelf. As operator and partner we will manage resources in a safe, efficient and sustainable manner, creating value for our owners, suppliers and the Norwegian state.
DPN consists of the business clusters Operations North, Operations West, Operations South and Operational Technology & Support.
Partner-operated fields cover the entire NCS and are internally included in the Operations South business cluster. DPN is headed by Executive Vice President Arne Sigve Nylund.
Development & Production International (DPI)
DPI is responsible for our international development and production, and is engaged in production in 10 countries: Algeria, Angola, Azerbaijan, Canada, Libya, Nigeria, Russia, the UK, the US and Venezuela. International oil and gas production represented approximately one third of Equinor’s equity production.
Equinor has ownership interests in six producing offshore fields in the US. The group is one of the largest licensees in the deepwater areas of the Gulf of Mexico with a significant portfolio of exploration licences as both operator and partner.
Equinor has exploration licences in North America (Alaska, Canada and the Gulf of Mexico), South America and sub-Saharan Africa (Angola, Argentina, Brazil, Colombia, Suriname, Turkey and Tanzania), the Middle East and North Africa (Azerbaijan, Algeria and Libya), Europe and Asia (the Faroe Islands, Greenland, Indonesia, Russia and the UK) as well as Oceania (Australia and New Zealand).
Equinor also has representative offices in Kazakhstan, Mexico and United Arab Emirates.
The main development projects in which DPI is involved are in Angola, Azerbaijan, Canada, Ireland, the UK and the US.
DPI is headed by Executive Vice President Torgrim Reitan.
Development & Production Brazil (DPB)
DPB is responsible for developing and producing oil and gas resources in Brazil. The business area is led from Rio de Janeiro, Brazil.
We see the country as a core area for long-term growth. We have a diverse portfolio with activities in all development stages from exploration to production.
In 2017 Equinor acquired a 25% interest in Roncador from Petrobras, a large oil field in the Campos Basin in Brazil, nearly tripling our production in Brazil.
The Peregrino field is our largest international operation outside Norway, and Peregrino Phase Two involves the addition of a third fixed wellhead platform to the field, extending its main productive life and adding 273 million in recoverable reserves.
DPB is headed by Executive Vice President Anders Opedal, in an acting capacity.
Technology, Projects & Drilling (TPD)
TPD is responsible for delivering projects and wells and providing global support on standards and procurement. TPD is also responsible for developing Equinor as a technology company. TPD business activities are organised in the following business clusters:
- Research, development and innovation
- Technology excellence
- Drilling and well
- Procurement and supplier relations
TPD is headed by Corporate Vice President Margareth Øvrum.
EXP manages Equinor’s global exploration portfolio and aims to position Equinor as one of the leading global exploration companies. EXP works on obtaining access to new high potential acreage, in addition to securing infrastructure-led exploration on the Norwegian continental shelf and in other select areas.
The business area ensures efficient exploration operations, including seismic acquisition and drilling of exploration and appraisal wells. EXP is headed by Executive Vice President Tim Dodson.
Global Strategy & Business Development (GSB)
GSB is Equinor’s functional centre for strategy and business development.The ambition of the GSB business area is to closely link corporate strategy and business development to actively drive Equinor’s corporate development. GSB is responsible for Equinor’s global strategy processes, and identifies, develops and delivers inorganic business development opportunities. This is achieved through close collaboration across geographic locations and business areas.
Equinor’s strategy forms the basis for guiding the company’s business development focus.
Executive vice president Al Cook leads the GSB business area.