Equinor’s floating manufacturing, storage and offloading vessel (FPSO) for the Johan Castberg discipline has been efficiently anchored within the Barents Sea, marking a major milestone in Norway’s offshore oil trade.
The challenge, set to begin manufacturing by year-end, represents a serious step in increasing Norway’s power manufacturing capabilities.
“Johan Castberg strengthens Norway’s position as a dependable, long-term power provider. The sphere will create nice worth for society, and long-term ripple results and jobs,” mentioned Trond Bokn, Equinor’s senior vice chairman for challenge administration management.
The Johan Castberg discipline, with estimated recoverable volumes between 450 and 650 million barrels, is predicted to supply for 30 years. At its peak, the sphere might yield 220,000 barrels per day. The event contains 30 wells throughout ten subsea templates and two satellites, with 13 wells already drilled and operations persevering with till 2026
Grete Birgitte Haaland, Equinor’s senior vice chairman for Northern Norway, emphasised the challenge’s regional significance: “Johan Castberg is essential for our growth plans in Northern Norway. When the sphere comes on stream, a brand new province will probably be opened for oil restoration within the Barents Sea.”
The challenge has had a considerable influence on the Norwegian economic system, with over 70% of whole deliveries coming from home suppliers. Within the working part, this determine is predicted to rise to 95%, with North Norwegian content material estimated at about 40%. Moreover, one in three Johan Castberg workers resides in Northern Norway.
Johan Castberg is positioned within the Barents Sea, 100 kilometers northwest of the Snøhvit discipline, at a depth of 370 meters. The sphere contains three discoveries—Skrugard, Havis, and Drivis—made between 2011 and 2013. The FPSO measures 313 meters in size, 55 meters in width, and 120 meters in peak. It boasts a design storage capability of 1.1 million barrels of oil.
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