NEWS

(Bloomberg) – Equinor ASA will drill about 26 wildcat and appraisal wells off the coast of Norway in 2026, mostly in the country’s North Sea, as the company looks to spend $6 billion a year over the next ten years to maintain the flow of oil and gas to Europe.

Norway’s biggest oil and gas company will drill about 20 exploration and appraisal wells in the North Sea, and 3 each in the Barents and Norwegian Seas, according to Jez Averty, a senior vice president for Equinor’s exploration and production unit. The pace of drilling will be similar in 2027, he said.

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