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Equinor hit by major bills and delays on prestige projects

The price tags on projects Martin Linge and Njord Future will become larger than expected for the oil outfit, shows Norway's new state budget.

Photo: Equinor

The Covid-19 pandemic along with an unanticipated volume of work have raised costs for oil fields Martin Linge, Njord Future and Johan Castberg, all of which are operated by Equinor, the oil giant informs Wednesday in connection with the release of Norway's latest state budget.

"I will emphasize that 2020 has been a very challenging year also for our industry. Together with our suppliers we have worked hard to mitigate the consequences of Covid-19. Safety and infection control measures are our number one priority, and I am impressed by the work that has been done," writes Geir Tungesvik, Equinor's acting executive vice president for Technology, Projects & Drilling, in a press statement.

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