Pandemic pushes up cost of Norway oil and gas projects

Pandemic pushes up cost of Norway oil and gas projects
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08.10.2020

MOSCOW (MRC) -- The COVID-19 pandemic has interrupted the development of Norway's offshore oil and gas projects, pushing up costs and postponing startups, the government and oil company Equinor announced, said Hydrocarbonprocessing.The costs of ongoing projects rose by 13.2 billion Norwegian crowns (USD1.4 billion) from a year ago on an inflation-adjusted basis, government documents showe

Full article at mrcplast.com

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