Fossil Energy – Production
Only three months after coming on stream Johan Castberg is producing at peak capacity of 220,000 barrels of oil per day.
This increases energy deliveries from the Barents Sea by 150%.
The early operation phase has gone according to plan, the field reaching plateau production on 17 June. Seventeen of a total of 30 wells have been completed. The wells that have come on stream are producing as expected.
“Johan Castberg represents a gamechanger for the importance of the Barents Sea for Norway’s future as an energy nation. Every three to four days, tank loads now depart from Johan Castberg, each of them worth around half a billion Norwegian kroner. The field will remain on stream for at least 30 years, delivering stable energy to Europe, generating high value for Norway, and ripple effects and jobs in Northern Norway,” says Kjetil Hove, Equinor’s executive vice president for Exploration & Production Norway.
The new production vessel (FPSO) came on stream on 31 March, opening a new area for production in the Barents Sea.
