Equinor announces next phase at Johan Castberg

11 Dec Equinor announces next phase at Johan Castberg

London, December 11, 2025, (Oilandgaspress) ––Equinor, Vår Energi and Petoro will invest just over NOK four billion in the first discovery tied back to the Johan Castberg field in the Barents Sea. The decision was made eight months after Johan Castberg came on stream.

Recoverable oil in the new subsea development is estimated at 46 million barrels, and start-up is planned as early as the fourth quarter of 2028.

Johan Castberg is the newest oil production hub on the NCS. Put on stream in March, the field is now producing 220,000 barrels per day. New projects and new recoverable wells will extend plateau production from Johan Castberg, which currently has estimated recoverable volumes of between 450 and 650 million barrels. It could be more:

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