Costs clocking up: Equinor takes impairment hit at offshore Norway project

Estimates of increased cost and lower production at troubled Norwegian offshore development lead to $276 million charge

Impairment: Equinor has booked a writedown at the Martin Linge project offshore Norway
Impairment: Equinor has booked a writedown at the Martin Linge project offshore NorwayPhoto: JAN ARNE WOLD/WOLDCAM/EQUINOR
Published 25 May 2021, 05:54Updated 25 May 2021, 05:54