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Equinor plans to expand its oil production in Brazil more than fivefold over the next decade, while also eyeing green energy projects especially in offshore wind power, an executive for the Norwegian energy giant said on Tuesday.
The company aims to boost output to more than 500,000 barrels of oil equivalent per day (boed) by 2033 from current output of nearly 90,000 boed, Equinor Brazil vice president Lars Jetlund Hansen said at an energy event in Rio de Janeiro.
Equinor to seek five-fold increase in Brazil oil production over next decade
Equinor (EQNR) said it plans to expand its oil production in Brazil by more than 5x over the next decade, while also eyeing green energy projects especially in offshore wind power.