Equinor and ORLEN strengthen energy partnership with crude oil agreement

Equinor and Poland’s ORLEN have entered into a three-year agreement for the sale of crude oil from the Johan Sverdrup field on the Norwegian continental shelf. The annual supplies will range from 5 million to over 9 million tonnes. Further commercial terms remain undisclosed. The deal also permits the potential supply of other crude grades from Norwegian fields.

Equinor’s Executive Vice President for Marketing, Midstream and Processing, Irene Rummelhoff, expressed satisfaction with strengthening the relationship with ORLEN to provide crude oil to refineries in Poland, Lithuania, and the Czech Republic. She emphasized the significance of Norway’s reliable energy supplies for Europe.

Johan Sverdrup is recognized as the highest-producing oil field in the Norwegian continental shelf, contributing substantially to European energy supply. The field is also noted for its energy-efficient production, resulting in lower CO₂ emissions compared to the global average, largely due to the use of shore-based power.

Ireneusz Fąfara, President of ORLEN’s Management Board, highlighted the importance of securing stable sources of crude oil from Norway, potentially meeting up to a quarter of the ORLEN Group’s annual demand. He praised Equinor's reliability as a partner, committed to the region's energy security.

Equinor has been expanding its energy offering in Poland, collaborating with local partners on oil, natural gas, and lower-carbon solutions. This agreement on crude oil aligns with their broader cooperation and underscores Norway's role as a dependable energy partner for Poland. Apart from supplying oil, gas, and LNG to Poland, Equinor is also developing offshore wind projects in the Baltic Sea and building a portfolio of solar and onshore wind assets with its subsidiary Wento, including battery storage solutions.