In 2018 Equinor purchased goods and services worth NOK 141.7 billion (EUR 15,55 billion; 1 Euro = approx 10 NOK) from more than 9000 suppliers globally. The company recently announced that 67% of total purchases, worth NOK 95.2 billion, went to suppliers with a Norwegian billing address.
In late August, Equinor and the Johan Sverdrup partnership of Lundin Norway, Petoro, Aker BP and Total, submitted their development plan for the second phase of the project to the Norwegian Ministry of Petroleum and Energy. With an increased resource estimate and lower investment costs, the full field development of Johan Sverdrup will contribute to even greater value creation.
The Ministry of Petroleum and Energy has approved the plan for development and operation (PDO) of the Troll Phase 3 development.
Equinor and partners ENI and Petoro have completed the Skruis exploration well in the Johan Castberg licence. The well confirms a volume of 12-25 million recoverable barrels of oil.
Aker BP has entered into an agreement with Equinor Energy to acquire its 77.8% interest in the King Lear gas/condensate discovery in the Norwegian North Sea for a cash consideration of USD 250M.
Equinor has, together with partners ENI and Petoro, completed the appraisal well on the Cape Vulture discovery from 2017.
Equinor is signing collaboration agreements with Aker Solutions and TechnipFMC for subsea equipment and services on the Norwegian continental shelf (NCS) and internationally.
Wood recently provided technical support for Equinor’s liquefied natural gas (LNG) facility at Melkøya Island, Norway, as part of a new contract secured under an existing master services agreement.
Equinor has awarded Kvaerner an additional scope at Njord A to enable the platform to receive oil from the Fenja field. The additional scope has an estimated value of approximately NOK 500M.
DeepOcean AS, a subsidiary of DeepOcean Group Holding BV (DeepOcean), has been awarded a long term contract involving subsea life of field services on Equinor operated fields.