Johan Castberg 

The Johan Castberg (former Skrugard) field is situated approx. 100 kilometres north of the Snøhvit-field in the Barents Sea.

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One licence – two discoveries – two structures – one development. Johan Castberg and Havis are two separate discoveries about 7 km apart, both located in PL 532, and both discoveries are included in the resource base for the development.

Statoil and its partners have chosen a development concept for the area that includes a floating production unit with a pipeline to shore and a terminal for oil at Veidned outside Honningsvåg in Finnmark. The field is scheduled to come on stream in 2018.

The goal of the Johan Castberg development is a cost-effective solution for the proven resources with the flexibility to include prospective resources in the area.

Johan Castberg is a breakthrough in unexplored areas where we must interact with other interests, such as the fisheries. At the same time, this is a development that will have ripple effects including an impact on technology and expertise building in the supplier industry - particularly in the north.


FACTS

Location: The Barents Sea in blocks 7219/9 and 7220/4,5,7, about 100 km north of Snøhvit, 150 km from Goliat and nearly 240 km from Melkøya. The water depth is 360-390 metres, 7 km between Skrugard and Havis.

The discovery: Johan Castberg (Skrugard) April 2011, Havis January 2012

Volumes: Preliminary volume estimates are in the range of 400 – 600 million barrels of oil. This is considered to be a prospective area.

Timeframes: Ambition is to select the concept in 2013, deliver a PDO in 2014 and start production in 2018. Will contribute considerable volumes in 2020.

Investments: Not ready until an investment decision is made.


Johan Castberg – situated approx. 100 kilometres north of the Snøhvit-field in the Barents Sea
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