The Norwegian energy firm will focus on high-margin regions like the U.S., Brazil, and Angola after portfolio streamlining.
Equinor aims to increase its international oil and gas production by 27% by 2030, targeting key regions such as the U.S., Brazil, and Angola. The strategy follows a portfolio overhaul that included divestments in Azerbaijan and Nigeria to concentrate on higher-return assets.
The company has prioritized growth in its remaining international operations, particularly in deepwater and shale projects. Equinor’s previous production growth in these regions has supported its long-term output goals, with a focus on capital efficiency and margin expansion.
No immediate market reaction was disclosed, but the plan underscores Equinor’s shift toward fewer, more profitable international assets.