Three expansion projects on the Norwegian shelf have cost USD 7.1 billion more than expected, according to a survey performed by Norwegien Oljedirektoratet and covering projects that are or should have been in production, and which constitute investments of more than USD 1.7 billion each.
According to Norwegian newspaper Dagens Næringsliv, 24 projects, approved between 2007 and 2012, have resulted in total budget violations of USD 8.3 billion, compared to figures previously presented by the companies in their plans related to expansions and operations.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app