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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Equinor    EQNR   NO0010096985

EQUINOR (EQNR)
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Equinor : The green light to historically profitable project

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12/07/2018 | 10:22am CET

'This adds a new chapter to the amazing Troll story. The field has an important part in our plans to transform the Norwegian continental shelf for sustainable value creation for several decades,' says Gunnar Nakken, Equinor's senior vice president for Operations West.

'Troll is the biggest gas producer on the NCS, meeting 7-8% of Europe's total daily gas consumption. We will deliver safe, profitable and carbon-efficient energy from Troll that helps reduce coal consumption and reduce CO2 emissions in Europe with a long-term perspective beyond 2050,' says Nakken.

The development of Troll phase 3 is also important for Norwegian supply industry. About 70 % of the value creation will take place in Norway.

The partnership has awarded contracts within marine installations and subsea facilities totalling an estimated NOK 950 million to the companies Nexans, Deep Ocean, IKM, Allseas and Marubeni. In addition, the partnership has awarded contracts worth approximately NOK 2 billion for subsea facilities and the construction of a new processing module on the Troll A platform to Aker Solutions.

Troll partners: Equinor (30.58% - operator), Petoro (56%), Norske Shell (8.10%), Total E&P Norge (3.69%), ConocoPhillips Skandinavia (1.62%)

* You will find downloadable portrait photos via the links in the text above

Disclaimer

Equinor ASA published this content on 07 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 December 2018 09:21:02 UTC

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Financials ($)
Sales 2018 78 146 M
EBIT 2018 19 370 M
Net income 2018 6 584 M
Debt 2018 13 104 M
Yield 2018 3,88%
P/E ratio 2018 12,07
P/E ratio 2019 9,67
EV / Sales 2018 1,17x
EV / Sales 2019 1,04x
Capitalization 78 632 M
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Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 29,7 $
Spread / Average Target 26%
EPS Revisions
Managers
NameTitle
Eldar Sætre President & Chief Executive Officer
Jon Erik Reinhardsen Chairman
Jannicke Nilsson Chief Operating Officer & Executive Vice President
Lars Christian Bacher Chief Financial Officer
Margareth Øvrum Executive VP-Technology, Projects & Drilling
Sector and Competitors
1st jan.Capitalization (M$)
EQUINOR14.50%78 632
ROYAL DUTCH SHELL-5.63%247 014
PETROCHINA COMPANY-6.43%192 700
TOTAL4.60%146 987
PETROLEO BRASILEIRO SA PETROBRAS55.15%88 668
NK ROSNEFT' PAO--.--%70 086