EnergyWatch

Equinor slashes its development budget for Svedrup again

Equinor has once again reduced its estimates for total development costs on the Johan Sverdrup field while increasing its expectations for reserves and production.

Photo: PR-foto: Statoil

Oil major Equinor, formerly known as Statoil, has reduced its estimates for total development costs on the giant Norwegian field Johan Sverdrup, where Maersk Oil was partner before the company was sold to French player Total.

The company is also increasing its expectations for reserves and production.

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