Equinor has cut the pre-tax breakeven oil price to as low as $30 per barrel on its commercially challenged Wisting field development project in the Barents Sea off Norway, but is dependent on the country's parliament improving an amended tax proposal to make it fly.

Discussions were started in parliament this week over a revised fiscal proposal presented by the government earlier this month that would allow immediate deduction of investment costs against tax but also reduce tax uplift from 20.8%