MidOcean Energy is a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors.
The Johan Castberg partnership, consisting of Equinor, Vår Energi and Petoro, is today updating the project cost estimate. The investment estimate has increased by almost NOK 13 billion since last year.
Equinor and partners will replace two gas turbines with heat recovery to produce electric power. This will reduce annual CO2 emissions by 95,000 tonnes.
Moored some 150 kilometers off the coast of Rio de Janeiro, at a water depth of approximately 670 meters, the FPSO is capable of processing 80,000 barrels of crude oil
