Equinor reduces estimated investments on the Norwegian continental shelf

Equinor reduces estimated investments on the Norwegian continental shelf

“We have successfully reduced the investment estimates by approximately NOK 30 billion since submitting the PDOs to the authorities. The improvements have been achieved in close collaboration with our partners and suppliers, and are mainly a result of increased drilling efficiency, simplification and high-quality project implementation. These figures also include the market effect we have achieved by counter-cyclical investments,” says Margareth Øvrum, Equinor’s executive vice president for Technology, Projects and Drilling. Source / More : Equinor oilandgasOil and Gas News Undiluted !!! “Oil is well” Please email us your industry related news for publication info@OilAndGasPress.com Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook]]>

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