Development costs at Equinor’s Johan Castberg field have shot up by almost Nkr13 billion ($1.2 billion) due to high activity on the Norwegian continental shelf, supply chain challenges and the ongoing war in Ukraine, the operator said in a project update Tuesday.
Equinor takes $1.2 billion costs hit at Barents Sea oilfield
Supply chain woes and delays also drive up costs at Vaar Energi’s Balder X development
19 September 2023 7:37 GMT
Updated
19 September 2023 14:31 GMT
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