Value-enhancing hub-centred strategy
Our strategy is centred around four hub areas on the Norwegian continental shelf (NCS), maximising utilisation of infrastructure and securing future growth. Together with our strong operational and exploration capabilities and safety culture, the hub areas form the basis for long-term profitable growth.
We have an ambition to increase production to 400 000 barrels of oil equivalent per day by end-2025 while reducing production cost as new projects come onstream and effects from improvement measures are achieved. Material cash flow generation and an investment grade balance sheet enable attractive and resilient dividend distributions. We create value from a large and diversified asset portfolio with a significant reserve base.