Equinor hit by cost over-runs,delays to major oil,gas projects

摘要

London-Norway's state-controlled Equinor on Oct.7 announced cost increases and delays to several projects,including major Barents Sea oil project Johan Castberg,citing a weaker Norwegian krone,coronavirus restrictions on activity,and unforeseen increases in the scope of work.In a statement,Equinor said the main projects affected were the 400 million-650 million-barrel Johan Castberg field,which is now expected on stream in the fourth quarter of 2023;the Martin Linge oil and gas project,which has suffered a string of technical problems and is now due on stream in the summer of 2021;and the Njord field,which was taken offline in 2016 due to structural problems and is now due on stream sometime next year.