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    EQNR   NO0010096985

EQUINOR ASA

(EQNR)
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Equinor prepares to restart Sverdrup, western Europe's largest oilfield

11/11/2021 | 09:20am EST
FILE PHOTO: A view of the Johan Sverdrup oilfield in the North Sea

OSLO, Nov 11 (Reuters) - Equinor has restored power supply to the Johan Sverdrup oilfield, Western Europe's largest, following an outage, and is preparing to restart petroleum output, a spokesperson for the Norwegian firm said on Thursday.

"Power supply from shore has been restored and preparations to restart Sverdrup's production are ongoing," the spokesperson said.

A power outage around 1100 GMT led to a controlled shutdown of the North Sea field, which produces around 535,000 barrels of oil per day, the spokesperson said.

The company declined to comment on when production would resume and how long it would take to ramp up to full output.

Sverdrup, which began production in 2019, is one of a growing number of Norwegian oilfields powered by electricity from shore, unlike many older fields which use natural gas and diesel generators for operations. (Reporting by Terje Solsvik and Nerijus Adomaitis; editing by Gwladys Fouche, Elaine Hardcastle and Jonathan Oatis)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AKER BP ASA 0.82% 294.1 Real-time Quote.8.28%
EQUINOR ASA 5.46% 255.8 Real-time Quote.8.44%
LUNDIN ENERGY AB (PUBL) 0.80% 350.8 Delayed Quote.8.10%
TOTALENERGIES SE 1.50% 49.535 Real-time Quote.10.99%
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Analyst Recommendations on EQUINOR ASA
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Financials (USD)
Sales 2021 87 737 M - -
Net income 2021 8 548 M - -
Net Debt 2021 3 911 M - -
P/E ratio 2021 11,2x
Yield 2021 2,28%
Capitalization 94 241 M 94 348 M -
EV / Sales 2021 1,12x
EV / Sales 2022 0,99x
Nbr of Employees 21 245
Free-Float -
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Technical analysis trends EQUINOR ASA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 27
Last Close Price 29,21 $
Average target price 26,75 $
Spread / Average Target -8,42%
EPS Revisions
Managers and Directors
Anders Opedal President & Chief Executive Officer
Ulrica Fearn Chief Financial Officer & Executive Vice President
Jon Erik Reinhardsen Chairman
Carri Ann Lockhart Executive VP-Technology, Digital & Innovation
Jannicke Nilsson Chief Operating Officer
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