November 10, 2022 09:00 GMT
Equinor Delays FID On Wisting Discovery
Equinor has announced a delay to its investment decision for the Wisting oil discovery project in the Arctic Barents Sea, amid rising costs.
- “In our updated investment estimate for the project, we see a cost increase due to increased global inflation and cost growth in the supply industry”, Equinor wrote in a statement.
- The investment decision, previously scheduled for December, has been delayed to 2026.
- Wisting was discovered in 2013 by OMV.