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    GAZP   RU0007661625

GAZPROM

(GAZP)
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End-of-day quote Moscow Micex - RTS  -  2022-07-07
198.00 RUB   +0.04%
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Equinor to drill 25 exploration wells off Norway next year

11/29/2022 | 07:29am EST
FILE PHOTO: Illustration shows Equinor logo

OSLO (Reuters) - Norwegian major Equinor plans to drill 25 exploration wells off the Nordic country next year, compared with 22 wells this year, most of them in the North Sea, a senior executive said on Tuesday.

A "small handful" of wells will be drilled in the Norwegian and the Barents Seas each, Jez Averty, Equinor's head of exploration and production in Norway, told Reuters on the sidelines of an energy conference.

Equinor has become the European Union's largest gas supplier following a drop in gas flows from Russia's Gazprom.

Equinor was focusing on providing as much gas as possible to Europe, but exploring for new gas fields was a long-term process, Averty said.

"We've heard a message from Europe that it needs as much Norwegian gas as possible, and we are going to work on that, but it takes time," he said.

(Editing by Gwladys Fouche)

By Nerijus Adomaitis


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
EQUINOR ASA 3.00% 303.55 Real-time Quote.-13.72%
GAZPROM 0.04% 198 End-of-day quote.0.00%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 1.23% 70.627 Delayed Quote.-3.48%
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Financials (USD)
Sales 2021 10 241 B - -
Net income 2021 2 093 B - -
Net Debt 2021 2 927 B - -
P/E ratio 2021 0,05x
Yield 2021 1 143%
Capitalization 4 682 B 67 118 M -
EV / Sales 2020 1,44x
EV / Sales 2021 1,08x
Nbr of Employees 468 000
Free-Float 50,5%
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Income Statement Evolution
Managers and Directors
Alexei Borisovich Miller Deputy Chairman & Chairman-Management Board
Viktor Alexeevich Zubkov Chairman
Denis Vladimirovich Fedorov Head-Marketing & Administration Department
Yuri Stanislavovich Nosov Head-Administration Department
Timur Askarovich Kulibayev Independent Director
Sector and Competitors
1st jan.Capi. (M$)
GAZPROM0.00%67 118
SAUDI ARABIAN OIL COMPANY2.49%1 927 328
SHELL PLC1.91%201 894
TOTALENERGIES SE-0.05%156 881
PETROCHINA COMPANY LIMITED16.81%135 136
EQUINOR ASA-16.23%94 097