In 2019 Equinor purchased goods and services worth NOK 161.6 billion from more than 9,000 suppliers globally. NOK 113 billion, i.e. 70% of total purchases, went to suppliers with a Norwegian billing address.
“A competitive supply industry is highly important for Norway and for Equinor. During the last years we have seen a steady growth in the Norwegian content of our total procurement: from 61% in 2017, to 67% in 2018 and to 70% in 2019. This is a recognition of the good work done by the Norwegian suppliers to respond to the tough transition in the energy sector in recent years,” says Peggy Krantz-Underland, Equinor’s chief procurement officer.
Equinor’s total procurements increased from NOK 141.7 billion to NOK 161.6 billion from 2018 to 2019. This is related to the high project activity, increased exploration and new fields in production in the company.
In 2019, five Equinor operated fields were put in production, including the giant Johan Sverdrup field on the Norwegian continental shelf and the Mariner field on the UK continental shelf.
Equinor is investing in a world-class project portfolio coming on stream towards 2026, representing 6 billion barrels to the company. Also in the renewables business, the project activity will increase during the next years as the Dogger Bank and Empire Wind projects are being matured. These projects open new opportunities for the supply industry in Norway and internationally.