OGF Article Equinor Announces Cost Increase, Delayed Startup for Martin Linge

SPE.org 

The Martin Linge field, seen here during a utility module installation in July, is now scheduled to start up in early 2020. Equinor has revised the estimated cost for developing the Martin Linge oil and gas field in the Norwegian North Sea. The field, which the company purchased from Total late last year, is now expected to cost $5.68 billion (NOK 47 billion) to develop, up from the $4.96 billion (NOK 41 billion) estimated last year and 59% higher than the originally planned budget developed in 2012. After successful platform installation the focus is now to ensure high-quality completion of the project and safe startup of the field.” Startup for the field has also been pushed back from the first half of 2019 to the first quarter of 2020.