The start of production at the Martin Linge field has already been postponed for four years, and the project is 85 per cent more expensive than planned. Equinor plans to start in September
The state budget proposal for 2020 states that the development of the Martin Linge field will cost an additional NOK 7.9 billion. The development, which was initially estimated at NOK 30.4 billion, is estimated to cost more than NOK 56 billion.
Two weeks after the cost increase was announced in October, Equinor met with the Petroleum Safety Authority. At the meeting, Equinor presented a plan for start-up on June 30th, 2020. That is the date the project’s progress is being measured against. The expected start date is set for September 1st, writes Stavanger Aftenblad.
Last year Equinor thought the start-up for Martin Linge could be in the first quarter of 2020.
Much work remains to be done before the platform is ready for operation, totaling 5 million hours of work. Equinor reported at the meeting that just under 70 per cent of the project is complete, according to the newspaper.
Equinor has chosen to postpone all drilling until the autumn of 2020. It was previously planned to carry out drilling operations parallel to the completion of the platform.
© NTB Scanpix / #Norway Today