Equinor’s history in China goes back to the early 1980s, when we set up our first international office in Beijing. Our partnership with the China National Offshore Oil Corporation (CNOOC) led to our first operatorship, the Lufeng oil field in the South China Sea, which was in production from 1997 to 2009, five years longer than originally planned.
Offshore wind in China
Equinor plans to reach an installed net renewables capacity of 12-16 gigawatts by 2030. Two-thirds of this within offshore wind. We are stepping up to become a global offshore wind major, and to deliver on our strategy we continue to assess different business opportunities globally.
China has set a goal of becoming carbon neutral by 2060. The country aims to become the world’s largest offshore wind market and has an ambition to install over 15GW by 2021 and 40-65 GW by 2030. As an energy company with a firm ambition to become a global offshore wind major, Equinor sees broad potential to build on this experience and develop offshore wind projects in China.
How to find us in China
28th Floor, West Tower,
Twin Towers, B-12,
Jianwai Ave. Chaoyang District,
Tel: +86 10 59632588
In 2007, Equinor entered into a strategic cooperation with China National Petroleum Corporation, covering domestic and international exploration and production, research and development, gas value chains, new energy and downstream. In 2010 we agreed with Sinopec to conduct a joint study on their QiongDongNan deepwater block in the South China Sea. And in 2014 we delivered our first liquefied natural gas (LNG) cargo to China.
Today, the company has established a crude trading business with China and is engaged in international partnerships with other Chinese companies including CNPC, CNOOC, and other large state-owned enterprises.
Currently, the main function of Equinor’s China organisation is to develop new commercial opportunities with Chinese counterparts, in the above two areas, and also in supply chains, technology, and the energy transition.