Johan Castberg 

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

Bilde

 


Three oil discoveries Skrugard, Havis and Drivis located in PL 532 forms the resource base for the Johan Castberg field development project.

The Johan Castberg partners have decided to spend the time leading up to the summer of 2015 to make the final concept selection for the Johan Castberg project.

The work leading up to a new concept selection will be focused on three main areas to provide the best possible quality of the decision-making basis: 

Technical development solution

The companies will allocate further resources in order to mature a floating production, storage and offloading vessel (FPSO), while continuing their efforts for a production platform (semi) as a possible offshore development solution. 

Evaluate the economics of an oil terminal at Veidnes

The Johan Castberg licence will also spend more time investigating the possibility of realising a stand-alone oil terminal on Veidnes. An onshore terminal could also be an alternative in combination with offshore oil offloading. However, there are significant differences in costs between a concept based on bringing the oil to shore in a pipeline and a concept based on offshore oil offloading. Therefore, Statoil and its partners will continue to work to optimise opportunities in the area and the timing of project activities. 

Update the resource basis and cut costs

On behalf of the Johan Castberg license, Statoil will implement a number of measures in order to reduce costs. Statoil and the partners will also assess the potential of the area, implement the Drivis discovery and update the resource basis in the further efforts to plan and develop the Castberg field.

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 the Snøhvit field in the Barents Sea, 150 km from Goliat and nearly 240 km from Melkøya. The water depth is 360-390 meters, 7 km between Skrugard and Havis.

The discoveries: Skrugard April 2011, Havis January 2012, Drivis May 2014

Volumes: Preliminary volume estimates are in the range of 400 – 600 million barrels of oil.
Timeframes: Ambition is to select the concept in 2015

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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