Due to considerable cost increases and delays in the development of phases 6-7-8 in the Iranian South Pars gas field, Statoil has concluded to write down the book value of its share in the project by NOK 2.2 billion before tax (USD 329 million) corresponding to NOK 1.6 billion (USD 237 million) after tax.
News
about 20 years ago
Statoil writes down Iranian gas project
Due to considerable cost increases and delays in the development of phases 6-7-8 in the Iranian South Pars gas field, Statoil has concluded to write down the book value of its share in the project by NOK 2.2 billion before tax (USD 329 million) corresponding to NOK 1.6 billion (USD 237 million) afte
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