(Energy Analytics Institute, 10.Dec.2024) — Equinor and its partners Vår Energi and Petoro expect the Johan Castberg field to come on stream in Jan./Feb. 2025.
The Johan Castberg floating production, storage and offloading vessel (FPSO) was anchored on the field in the Barents Sea in Sep. 2024. The FPSO has been hooked up to the subsea facility and the project is now in a final phase towards start-up, Equinor said 10 Dec. 2024 in an official statement.
“Norway’s role as a reliable and long-term energy supplier will be strengthened when Johan Castberg comes on stream. The field opens a new province for oil recovery and will be an important starting point for several opportunities in the Barents Sea. We have made new discoveries that we are in the process of turning into future tie-backs to Johan Castberg,” Equinor’s executive vice president for Projects, Drilling and Procurement Geir Tungesvik said in the statement.
So far 14 wells have been drilled on the field, 12 are already ready for production, which is sufficient to bring the field to plateau production of 220,000 barrels per day. Estimated recoverable volumes in Johan Castberg are between 450-650 million barrels of oil.
“We are now in the final phase of completion. The operations have been somewhat delayed by bad weather,” Tungesvik said.
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