KEYFACT Energy
On October 7, the Norwegian Government published the Proposed National Budget which includes an updated investment estimate for the Repsol-operated Yme New Development project. OKEA has previously provided market updates on the status of the project, including a revision of the estimated production start-up to 2021.
A significant part of the increased capex estimate since the PDO was reflected in the Company’s previous capex guiding. However, as a consequence of the recent updates, OKEA increases the full year capex guiding for 2020 by NOK 100 million to NOK 1,000 - 1,100 million.
KeyFacts Energy: OKEA Norway country profile