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.

10/28/2015

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