High activity related to Equinor’s operations in Norway contributed NOK 142 billion in value creation and 82,000 full-time man-years in Norway in 2025.
The ripple effects increased from the previous year, and a high level of activity in operations, exploration and new projects will contribute to continued strong value creation across the country.
The annual ripple effects report has been prepared by Kunnskapsparken Bodø, an independent research and analysis organisation. The report shows how Equinor's activities in Norway and related activities in the supplier industry contributes to value creation, employment and business development in Norway.
Kjetil Hove, executive vice president for Exploration & Production Norway in Equinor
Photo: Ole Jørgen Bratland / ©Equinor
'The figures demonstrate the importance of Equinor’s high level of activity on the Norwegian continental shelf for jobs and value creation across the country. The activity is driven by operations, maintenance, exploration and new projects. Together with the supplier industry, we are working to develop resources faster and more efficiently. This provides a foundation for continued high activity and significant ripple effects going forward,' says Kjetil Hove, executive vice president for Exploration & Production Norway in Equinor.
'The opportunities on the Norwegian continental shelf remain substantial, and Equinor has a strong portfolio of investment opportunities that will help sustain high activity and value creation for a long time to come,' Hove continues.
Key figures from the Ripple Effects Report 2025
- 82,000 full-time man-years linked to Equinor’s activity in Norway
- NOK 142 billion in total value creation
- NOK 147.6 billion in procurement of goods and services
- NOK 140.5 billion to Norwegian suppliers
- 95% of deliveries went to Norwegian companies
- Activity in 339 Norwegian municipalities
- More than 1,900 Norwegian supplier companies delivered to Equinor
The ripple effects include the company’s own operations in Norway, deliveries from Norwegian industry, and effects generated through subcontractors and consumption. Taxes and duties paid by Equinor come in addition and are not included in the report.
The largest share of value creation comes from procurements in Rogaland (51%) and Vestland (21%). At the same time, the report shows activity in 339 municipalities across Norway. The ripple effects in Northern Norway increased compared with 2024.
From the left: Per Helge Ødegård (Lederne), Stig Bjarne Wigestrand Moe (NITO), Porfirio Esquivel (Safe), Per Steinar Stamnes (Styrke) og Lars-Martin Bøe (Tekna)
Photo: Arne Reidar Mortensen / ©Equinor
'The strong figures show how important this industry is for Norwegian jobs and local communities across the country. It is very positive to see the ripple effects from our activity, involving more than 1,900 Norwegian supplier companies, in almost every municipality nationwide,' says union representative Per Steinar Stamnes in Styrke, on behalf of Styrke, NITO, Tekna, SAFE and Lederne/Eqaf.
Value creation arises from Equinor's man-years, direct deliveries from the Norwegian supplier industry, as well as through indirect effects in the form of subcontracts and consumption.
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Source: Equinor
