7.1 C
New York

Johan Castberg officially opened

Published:

The Johan Castberg oil field came on stream in March, and was officially opened on 8 August.

A total of 13 discoveries have been made in the production licence; two of which were made this year. On 30 June 2025, an oil discovery was reported in the Johan Castberg area And a gas discovery was made on 10 July.

Discoveries have also been made in nearby production licences, and future tie-backs may be relevant.

This generates substantial values for society and helps strengthen Norway as a reliable and long-term energy supplier.

«Johan Castberg is important for further development of the Barents Sea and to contribute toward slowing the expected production decline from the Norwegian continental shelf,» says Hege Susanne Blåsternes, Director of Offshore development and technology in the Norwegian Offshore Directorate.

The Barents Sea is the ocean area on the shelf which holds the greatest expectations for undiscovered resources. A lack of export solutions – particularly for gas deposits – can affect the companies’ interest in exploration.

«With infrastructure in place, for example a pipeline solution for gas export, the Barents Sea will remain attractive for exploration.»

Phasing in discoveries to existing fields helps extend the host field’s lifetime and profitability. This yields good value creation for society.

The Norwegian Offshore Directorate estimates that about 67 per cent of the remaining resources in opened areas in the Barents Sea have yet to be discovered. These resources can form the basis for producing oil and gas for many years to come. However, this development will not simply materialise on its own:

«In order for the Norwegian continental shelf to maintain production at a high level, the companies will need to explore more, drill more wells and continue developing technology. The Norwegian Offshore Directorate wants to ensure that the decisions made contribute to good area solutions for the best possible resource management,» Blåsternes says.

Related articles

spot_img

Recent articles

spot_img