Shares in Norwegian oil firm Statoil fell 1.9% today after it was announced there would be a further delay to the Skarv field coming online.
Operations at the Norwegian North Sea field had been originally due to start in August this year, then was set back to the fourth quarter.
Poland’s gas monopoly PGNiG, a partner with BP, the field’s operator, Statoil and Shell, said on Tuesday first production would now be further delayed until the first quarter of 2011.
This was due to adverse weather and maintenance required on the Skarv floating production vessel, currently anchored in the field, delaying work to connect pipes and cables to the vessel, PGNiG said.
Previous delays were due to additional work needing to be carried out on the Skarv floating production vessel after tests in the shipyard.