PARIS: French oil firm Total will spend slightly less next year on the Norwegian continental shelf than it did this year, a senior company official told Reuters on Wednesday.
“What we’re looking at is now the number of wells that we will have and of course we see that there’s a significant shift in costs,” Martin Borthne, a director for operations and projects at Total Norway, said in an interview.
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So the number of millions we’re going to spend in 2016 is going to be slightly lower than in 2015, but still with a very high activity level.”
The Martin Linge oilfield off Norway will start production in early 2018, a senior official told Reuters on Wednesday, from an original planned start in December 2016.
