The UK operator revealed on Thursday, in a series of statements detailing a planned financial restructuring, that the gross full cycle capital expenditure for the development is now down to approximately $2.5 billion – a reduction of $100 million.
This is mainly “as a result of better performance on drilling and subsea production systems”, it said.
“The Kraken FPSO is very close to mechanical completion, with the focus now on pre-commissioning and commissioning activities.
