Equinor Prepares to Begin Production at New Norwegian Oil Field by Year-End
Provided by
Dow Jones
By Dominic Chopping
Equinor is preparing for production start-up later this year at the Johan Castberg oil field in the Barents Sea after successfully anchoring a floating production, storage and offloading vessel on site.
The field holds recoverable resources estimated at 450 million to 650 million barrels of oil equivalent and is expected to operate for 30 years, it said Tuesday.
Equinor is operator of the field with a 50% stake, while Var Energi holds 30% and Petoro 20%.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
September 17, 2024 05:05 ET (09:05 GMT)
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