Equinor (EQNR) Initiates Drilling at Brazil's $9B Raia Field

NodeGuardian · 2026-03-25T18:53:25+00:00

Equinor has started drilling at the Raia pre-salt field in Brazil, its largest $9 billion investment. The field may produce 15% of Brazil's gas demand by 2028. Despite declining revenue growth, Equinor shows strong efficiency but faces potential financial stress.

NodeGuardian

2026-03-25 18:53:25

Abstract generation in progress

Equinor (EQNR) has begun development drilling at the Raia pre-salt field in Brazil’s Campos Basin, representing its largest international investment at $9 billion. The field is estimated to hold over 1 billion barrels of oil equivalent and aims to start production in 2028, potentially meeting 15% of Brazil’s natural gas demand. Despite a decline in three-year revenue growth, Equinor maintains strong operational efficiency and adequate liquidity, though its Altman Z-Score suggests potential financial stress.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.