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The cost of Aker BP's ongoing Yggdrasil oil and gas project has risen 9.8% to 195 billion Norwegian crowns ($20.41 billion), while the Valhall-Fenris project costs have increased 23% to 93.4 billion crowns, data from the government's fiscal budget showed.
Aker BP's Yggdrasil and Valhall-Fenris projects off Norway face cost increases of 9.8% and 23% respectively from nominal estimates a year ago, according to government budget data. The Yggdrasil project's cost is now expected to be 195 billion Norwegian crowns, up from 177.6 billion.