Equinor — Upstream Portfolio
Oil Gas
Type
Operating
Status
🇳🇴 Norway
Country
Project information
As at 31 December 2025
Aggregation level:
Company portfolio
Aggregation level:
Company portfolio
Report standard:
Sec S K 1200
Report standard:
Sec S K 1200
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Offshore
Extraction:
Offshore
Description
As at 31 December 2025
Equinor's consolidated upstream business across E&P Norway, E&P International, and E&P USA, with around two-thirds of equity production from the Norwegian Continental Shelf. Record equity production of 2,137 thousand boe/d was delivered in 2025. Proved reserves are presented on an entitlement (SEC) basis; expected reserves on an equity basis. Production cost was USD 6.6/boe (equity) and USD 7.0/boe (entitlement); the 2025 reserves replacement ratio was 48%.
Portfolio Aggregate
Multiple effective dates · 1P
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Reserves & resources — detail
As at 31 December 2025
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