The Johan Castberg oil field in the Barents Sea came has come on stream, strengthening Norway’s role as a long-term energy exporter.The Arctic field came online on March 31…
The Johan Castberg oil field in the Barents Sea came has come on stream, strengthening Norway’s role as a long-term energy exporter.
The Arctic field came online on March 31, at 10.35 local time.
Expected to be in production for 30 years, Johan Castberg can produce 220,000 barrels of oil per day at peak, with recoverable volumes estimated to be between 450 and 650 million barrels.
According to Equinor, which is the operator of the field, 12 of the 30 total wells are ready for production, which is sufficient to bring the field up to expected plateau production in the second quarter of 2025.
The drilling operations are expected to continue towards late 2026.
The Johan Castberg field consists of the Skrugard, Havis and Drivis discoveries, which were made between 2011 and 2014.
Aside from Equinor with 46.3% working interest, the partners in the development are Vår Energi with 30%, and Petoro with 23.7% stake.
Johan Castberg is located approximately 100 kilometers north of the Snøhvit field in the Barents Sea in blocks 7219/9 and 7220/4,5,7 around 150 km from Goliat and 240 km from Melkøya.
The water depth is 360-390 meters, and Skrugard and Havis are 7 km apart.
Johan
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