Aker BP Project Costs Rise for Yggdrasil and Valhall
The cost of Aker BP major ongoing development projects off Norway has risen significantly. Data from the fiscal budget shows increases for Yggdrasil and Valhall-Fenris. Both projects remain on track to start production next year.
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Project Costs Rise for Offshore Developments
Development costs for Norway's Yggdrasil and Valhall-Fenris oil and gas projects rose 9.8% and 23%, respectively, per government fiscal budget data released Wednesday. The increases align with projections issued by Aker BP in July due to expanded scope and updated construction estimates. Both developments remain on track to begin production next year.
