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Equinor warns of $1.8 bn impairment charge for Britain's Mariner oilfield

Total recoverable reserves from the field, which is operated by Equinor with a 65.1% stake, is now estimated to be about 180 million barrels of oil equivalent, sharply down from 275 million barrels

(Photo: Bloomberg)
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(Photo: Bloomberg)

Reuters Oslo
Norwegian energy major Equinor said on Wednesday it had cut the resource estimates for its Mariner oilfield in the British North Sea, triggering an impairment charge of around $1.8 billion.
 
Total recoverable reserves from the field, which is operated by Equinor with a 65.1% stake, is now estimated to be about 180 million barrels of oil equivalent, sharply down from 275 million barrels seen earlier, it said in a statement.
 
The impairment will be booked in Equinor's earnings report for the final quarter of 2021, which is due on Feb. 9, it added.
Equinor co-owns the Mariner oilfield with JX Nippon,

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