Equinor’s FPSO Johan Castberg, a floating production, storage and offloading vessel, has been successfully anchored in the Barents Sea field. This step marks the beginning of the subsea connections needed to start production before the end of the year.
Equinor highlights the value of the Johan Castberg field for Norway
Trond Bokn, senior vice president of project management control at Equinor project management control at Equinorexpressed his thanks to all involved, noting that this achievement strengthens Norway’s role as a reliable energy supplier. The Johan Castberg field is expected to bring significant value to Norwegian society, generating jobs and benefits to the local economy.
With a daily production potential of 220,000 barrels of oil per day. barrels of oilJohan Castberg is emerging as one of the largest fields in the Barents Sea, with estimated recoverable volumes between 450 and 650 million barrels. The development of the field includes 30 wells distributed over ten subsea templates and two satellites connected to the FPSO. So far, 13 wells have been drilled and operations are expected to continue until 2026.
Equinor’s FPSO: Key to Arctic development
The field Johan Castbergfield, located 240 kilometers northwest of Hammerfest, will have supply and transportation facilities in Hammerfest and Harstad. Grete Birgitte Haaland, senior vice-president of Equinor for Northern Norway, highlights the strategic importance of Johan Castberg for future developments in the Arctic region, opening up a new oil province and opportunities to explore other discoveries.
It is worth noting that 70% of the supplies to the Johan Castberg project come from Norwegian industry, and it is estimated that in the operational phase 95% of the inputs will be local. The initiative has had a significant impact on the economy of northern Norway, with one in three employees living in the region.
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Source and photos: Equinor
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