Statoil pushes back production start-up at two offshore northwest Europe projects

Offshore staff

STAVANGER, Norway – Statoil and its partners have agreed to delay start-up of the Aasta Hansteen and Mariner fields in the Norwegian Sea and UK northern North Sea from 2017 to the second half of 2018.

Aasta Hansteen’s costs have risen by around 9% since submission of the original plan for development and operation. In addition, a currency effect of NOK 2.4 billion ($282 million) has lifted the total cost estimate to around NOK 37 billion ($4.34 billion).

For Mariner, the cost increase is slightly above 10% compared with the original development plan.

During the third quarter of Statoil’s current financial year, the company said it achieved two discoveries offshore Norway and one in the UK sector.


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