Johan Castberg field expected to come online in January/February 2025

Petoro, Vår Energi and Equinor have said they expect the Johan Castberg field to come on stream in January or February 2025. The Johan Castberg FPSO was anchored on the field in the Barents Sea in September.

The FPSO has been hooked up to the subsea facility and the project is now in the final phase towards start-up.

”Norway's role as a reliable and long-term energy supplier will be strengthened when Johan Castberg comes on stream," said Geir Tungesvik, Equinor's Executive Vice President for Projects, Drilling and Procurement.

"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.”

So far 14 wells have been drilled on the field and 12 are already ready for production, which is sufficient to bring the field to plateau production (220,000 barrels per day). Estimated recoverable volumes in Johan Castberg are between 450 to 650 million barrels of oil.

"We are now in the final phase of completion. The operations have been somewhat delayed by bad weather. Our plan is to start up Johan Castberg in January/February 2025, " said Tungesvik.