Equinor is expanding Johan Sverdrup Phase 3 subsea field
One year after a NOK 13 billion investment, the subsea field has grown with new pipelines and templates installed, and will come on stream next year.
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International energy company
equinor.comLast updated
In short: Equinor reported a surge in profits to $11.48B for Q2 2026, driven by high energy prices and production growth despite regional conflicts.
One year after a NOK 13 billion investment, the subsea field has grown with new pipelines and templates installed, and will come on stream next year.
Adjusted operating income of USD 11.48 billion, net income USD 4.84 billion, and production growth of 3%.
The tranche is up to USD 1,125 million, including shares from the Norwegian State, ending by 26 October 2026.
Dividend amount is USD 0.39 per share with payment on 25 November 2026.
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