Equinor is reportedly pursuing an international growth strategy, aiming to boost its overseas oil and gas production by 27% by 2030, as stated by OilPrice.com. This initiative is part of a broader effort that also includes increasing exploration and production activities offshore its home market in Norway.
The company's international strategy involves concentrating on a select number of more profitable regions. OilPrice.com indicates that these key areas for growth include the U.S., Brazil, and Angola, where Equinor plans to expand its existing operations.
In recent years, Equinor has reportedly refined its portfolio outside Norway. This process involved selling assets and positions in various locations, such as Azerbaijan and Nigeria, to streamline its international holdings, OilPrice.com reported.
Despite these divestments, Equinor has maintained and expanded its businesses in the U.S., Brazil, and Angola. The company intends to continue fostering growth in these specific regions to achieve its production targets, according to OilPrice.com.
