Equinor (EQNR) Global Supplier Day 2025 summary

Safety and collaboration

• Emphasis on a zero-harm safety culture, with a new IAM Safety Roadmap focusing on proactive leadership, risk management, learning from incidents, and supplier collaboration.

• Supplier-led safety is prioritized, with annual Marine Safety and Sustainability Days to share best practices and improve risk management.

• Recent fatality at Mongstad underscores the need for continuous safety vigilance and shared responsibility.

Strategic direction and energy transition

• Strategy remains focused on being always safe, high value, and low carbon, with a firm target to reduce emissions by 50% by 2030 compared to 2015.

• Transitioning from oil and gas to a broader energy company, with ongoing investments in renewables and low-carbon solutions.

• Annual investments of $6–$7 billion planned for the Norwegian Continental Shelf (NCS) through 2035, aiming to maintain production at 1.2 million barrels/day.

Project portfolio and future opportunities

• Over the next decade: 250 exploration wells, 600 increased recovery wells, 3,000 interventions, 200 wells to be plugged, and 2,500+ modifications planned.

• 75 subsea tieback projects targeted, requiring cost reduction, standardization, and supplier-led specifications to ensure sanctioning.

• Major greenfield and brownfield projects underway, including Bacalhau, Johan Castberg, and Northern Lights Phase II.

• Renewables portfolio includes large offshore wind projects (Empire Wind, Baltic II/III, Dogger Bank), with a focus on cost and execution leadership.