Equinor and its partners Vår Energi and Petoro expect the Johan Castberg field to come on stream in January/February 2025.

The Johan Castberg FPSO (floating production, storage and offloading vessel) 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 a 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. 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” says Geir Tungesvik, Equinor's executive vice president for Projects, Drilling and Procurement.

So far 14 wells have been drilled on the field, 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, " says Tungesvik.

About Equinor

Equinor is an international energy company committed to long-term value creation in a low-carbon future.
Our purpose is to turn natural resources into energy for people and progress for society. Equinor’s portfolio of projects encompasses oil and gas, renewables and low-carbon solutions, with an ambition of becoming a net-zero energy company by 2050. Headquartered in Stavanger (Norway), Equinor is the leading operator on the Norwegian continental shelf. We are present in around 30 countries worldwide.