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Equinor’s impact on Norway's economy

Presentation of the ripple effects report of Equinor's offshore and onshore operated fields. Copyright: Equinor - Ole Jørgen Bratland.

A recent report presented at Equinor’s autumn conference underscores the substantial economic impact of their exploration and operational activities in Norway.

In 2022, deliveries to Equinor's operations exceeded 93 billion NOK, marking a 13% increase from the previous year. Notably, over 90% of these contributions went to Norwegian suppliers, showcasing the robustness of the country's oil and gas sector.

The report, led by Kjetil Hove, Executive VP for Exploration and Production Norway, highlighted the generation of 63,000 person-years of employment and invoicing totaling 87 billion NOK by over 1,700 Norwegian enterprises.

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A vital role for Norway

– These impressive numbers proves Equinors vital role for the oil and gas supplier industry, says Owe Hagesæther, CEO of GCE Ocean Technology.

Since 2006, Equinor has been an essential partner of GCE Technology and also holds a position in our Board of Directors.

– It is also great, to see how Equinor transfers their technology and competence from oil and gas into new value chains for CCS, hydrogen and offshore wind, says Hagesæther.

Contact Information

Owe Hagesæther

Chief Executive Officer

Owe Hagesæther