Equinor (EQNR.OL) is assessing whether Germany and other major European consumers are prepared to commit long-term to support investments in higher-cost oil and gas projects, Bloomberg News reported Wednesday, citing unnamed sources.
The Norwegian energy company, which expects production from its North Sea fields to decline over the next 10 years, may increasingly look toward Arctic drilling projects to maintain output, the report said.
Equinor did not immediately respond to a request for comment from.
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