We're entering a new phase of the Norwegian continental shelf. Our aim is to keep providing energy to Europe while creating lasting value for communities throughout Norway. Here’s what we’re doing and why it matters.
Norway is a nation built on energy. For generations, water, wind, oil and gas have shaped our society, providing comfort, security and countless opportunities. For 50 years, the Norwegian continental shelf (NCS) and Equinor have been at the heart of this story but its impact stretches beyond Norway.
Today, Norwegian oil supplies about 20% of Europe’s needs, and our gas covers roughly 30%. That means warm homes, busy factories, and reliable energy in challenging times. But as our fields age, production is falling.
It’s a natural part of the process. The more we extract, the trickier it gets to discover new resources. The answer? Exploring more around our existing fields and making sure we can bring new finds into production faster than ever before.
It won’t be easy, but it’s something we need to do.
That's why we’ve set ourselves a goal: keep production at 2020 levels all the way to 2035. To do that, 70% of our output will need to come from fields that haven’t been discovered yet, or that we have yet decided to develop.
Achieving this means rethinking how we work. We’ll need fresh ideas and smarter approaches. This affects everyone from employees and partners to suppliers and local communities. For us, it’s about much more than energy.
It’s about jobs, local communities and our shared welfare.
