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Equinor’s Economic Boost to Local Industry Increases

marinesalvage by marinesalvage
December 14, 2023
in Tug&Barge&Salvage
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Equinor’s Economic Boost to Local Industry Increases
Employees at the Mongstad refinery near Bergen.
(Photo: Ole Jørgen Bratland / Equinor)

Employees on the Mongstad refinery close to Bergen.
(Photo: Ole Jørgen Bratland / Equinor)

A brand new report reveals that deliveries to exploration, operation and modification of Equinor-operated fields and onshore crops in Norway exceeded 93 billion NOK in 2022, a rise of roughly 13% from the earlier yr.

The report was introduced at Equinor’s autumn convention by the corporate’s govt vp for Exploration and Production Norway (EPN), Kjetil Hove, along with the 5 commerce unions in Equinor: Industri Energi, SAFE, the Norwegian union of managers and executives (Lederne), NITO and Tekna.

“Our activities create substantial national and local ripple effects. Equinor’s exploration, operations and maintenance activities generated 63,000 person-years of employment last year across the country. More than 1,700 Norwegian enterprises invoiced a total of 87 billion NOK in these segments. Norwegian suppliers accounting for more than 90% demonstrates the capacity, competence and competitiveness of the Norwegian oil and gas hub,” says Hove.

The report is ready by Bodø Science Park (KPB) by means of analyses of provider lists and precise purchases of products and companies for Equinor-operated fields and onshore crops operated by Equinor, from Hammerfest LNG within the north to the Sleipner discipline within the south.

“This report demonstrates what the oil and gas industry means for Norwegian employment. Substantial value is created, and many people are involved in the work. The industry employs people, develops expertise and maintains activity across the country, and we want this to continue. We must keep exploring and producing oil and gas on the Norwegian continental shelf (NCS). At the same time, we will cut emissions and develop new value chains on the shoulders of the oil and gas industry,” says Per Steinar Stamnes of Industri Energi on behalf of the 5 commerce unions in Equinor.

Equinor purchased items and companies from the Norwegian provider trade for operation of NCS fields for 70.6 billion NOK in 2022. Exploration actions generated Norwegian provides price 6.1 billion NOK.

Supplies from the Norwegian provider trade to onshore crops operated by Equinor amounted to 10.2 billion NOK. International provides to NCS fields and onshore crops totaled 6.5 billion NOK.

The petroleum sector’s provide trade is Norway’s second largest trade when it comes to turnover, after the oil and fuel operators, and is subsequently of great significance to the Norwegian economic system.

According to Statistics Norway, the nationwide turnover of the trade supplying the petroleum sector was 293.8 billion NOK for 2022, a rise of 11% from the earlier yr. Suppliers with direct deliveries to Equinor-operated fields, onshore crops and exploration actions account for round 30% of this turnover.

The worth realized for house owners and society when discipline merchandise are bought, in addition to tax funds, should not included. This yr Equinor stands to pay greater than 280 billion NOK in tax to the Norwegian state.

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