Equinor and its partners in the Wisting field are facing a significant cost increase at the challenging Barents Sea development after switching the scheme's floater concept, with a new power-from-shore plan and a dilemma over gas evacuation also likely to swell the budget.


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Norwegian operator Equinor and partners OMV of Austria and Swedish independent Lundin Energy have recently changed the development concept for Wisting, a choice that could lead to a price increase of up to 50% compared to the base case that was in place until the middle of last year.