Norwegian Parliament Approves $6 Billion Plan for Giant ’Johan Castberg’ Arctic Oil Field – gCaptain
▻http://gcaptain.com/norwegian-parliament-approves-6-billion-plan-for-giant-johan-castberg-arct
The Norwegian Parliament has approved Equinor’s development and operation plan for the giant Johan Castberg field located in the Barents Sea within the Arctic Circle.
The plan now heads to Norway’s Ministry of Petroleum and Energy for formal approval.
The #Johan_Castberg field, with estimated recoverable resources of 450-650 million boe (barrels of oil equivalent), is currently the largest subsea field under development globally.
Johan Castberg was first discovered by then-Statoil in 2011, but its development was pushed back due to the crash in oil prices beginning in 2014.
Statoil, which recently changed its name to Equinor, finally greenlit the project in 2017 after cutting project costs by more than half compared to 2014-2015 levels, reducing the project’s break-even price to less than $35 per barrel of oil.
cf. posts
en 2013 ▻https://seenthis.net/messages/144878
et 2014 ▻https://seenthis.net/messages/303604
by @reka sur le report du développement du champ