Giant budget violations on the Norwegian shelf
The development of the oil fields Yme, Skarv, and Valhall on the Norwegian shelf account for a vast majority of the budget violations totaling around USD 8.5 billion
BY OLE ANDERSEN
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.
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