French oil company Total has finally admitted its new £800million Shetland gas plant will not be completed this year.
A company spokesman said it was likely to be ready during the first three months of the 2015, about nine months behind schedule.
Following months of denial and a profit warning from main contractor Petrofac last month, Total issued a short statement yesterday.
It said: “Total and its main contractor Petrofac have been working to finish off the construction of the Shetland gas plant, which is now anticipated to be completed early in 2015 (Q1).”
The offshore infrastructure between the onshore plant and the Laggan-Tormore gas reservoirs to the west of Shetland is all in place and ready to operate, according to the spokesman.
Nearly four years of construction work on the massive gas plant has been plagued by weather related delays and other hitches, leading to rising costs.
A final figure for the project costs is not available.
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