Equinor Bets on New Wells to Offset Declining Fields

Norway’s energy major Equinor has extended key drilling and well services contracts worth a combined NOK 17 billion ($1.8 billion), reinforcing activity on the Norwegian continental shelf as the company targets production of around 1.2 million barrels of oil equivalent per day toward 2035 and seeks to safeguard stable energy supplies to Europe amid ongoing market uncertainty. The company is exercising one?year extension options on three integrated drilling and well services contracts, alongside two?year options on 18 corporate framework agreements…