20 April 2024
Statoil writes down value of Corrib field by almost €200 million
Publication date: 05 November 2010
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Statoil recently wrote down €visual_editor00 million ($visual_editor8visual_editor million) in its 36.5% partnership with Shell’s controversial Irish Corrib gas field project. The Norwegian oil and gas company said in its Q3 results published this week that the depreciation was “triggered by changes in market conditions and project delays.”