Equinor Targets 2026 Final Decision for Wisting, Arctic Field Holding 500 Mbbl
Norwegian group Equinor plans to finalize the technical design this year for the Wisting project, whose costs had exceeded $10 billion. This 500-million-barrel field in the Barents Sea would be the world’s northernmost.
| Countries | Japon, Norvège |
|---|---|
| Companies | Aker BP, Equinor |
| Sector | Pétrole |
| Theme | Investissements & Transactions |
Equinor intends to restart development of the Wisting oil field, located in the Norwegian Arctic. According to Kjetil Hove, head of Norwegian operations for the group, technical concept selection should occur this year, with a final investment decision expected in 2026. The project was suspended in 2022 due to soaring costs, which had exceeded 100 billion Norwegian kroner ($10 billion).
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