Aker BP's major projects off Norway to cost more, budget shows
07/10/2026 09:11
Aker BP's major projects off Norway to cost more, budget shows OSLO, Oct 7 (Reuters) - The cost of Aker BP's AKRBP.OL major ongoing oil and gas development projects, Yggdrasil and Valhall-Fenris, has risen by 9.8% and 23% respectively from nominal estimates a year ago, data from the government's fiscal budget showed on Wednesday.
The Yggdrasil project, the largest project under development off Norway since 2019, is now expected to cost 195 billion Norwegian crowns ($20.41 billion) up from a nominal estimate of 177.6 billion crowns one year ago.
($1 = 9.5520 Norwegian crowns)
(Reporting by Nerijus Adomaitis, editing by Terje Solsvik)
((nerijus.adomaitis@thomsonreuters.com; +47 9027 6699; Reuters Messaging: nerijus.adomaitis.thomsonreuters@reuters.net))
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