Norwegian minister of petroleum and energy, Kjell-Børge Freiberg, will start cutting the first sheet for the topside of the Johan Castberg vessel at Kværner's yard at Stord on Nov. 21. The construction will create major ripple effects throughout Norway.
"Johan Castberg is the next major development on the Norwegian continental shelf and will open a new area in the Barents Sea for Equinor. Johan Castberg's development will have ripple effects equivalent to 47,000 man-years in Norway during the development phase. The value of Norwegian goods and services will amount to around NOK 25 billion, said Anders Opedal, Equinor’s executive vice president for technology, projects and drilling, in a statement.
In total, more than two million working hours will be included in the construction of the topside, and it is expected to generate jobs for 4,800 people.
"Simultaneously, work will begin at a number of yards along the entire Norwegian coast. Already, many small and large Norwegian suppliers are in the process of delivering to Johan Castberg. This shows the competitiveness and competencies of the Norwegian supplier industry in hard global competition, says project director for Johan Castberg, Knut Gjertsen.
There will be extensive activity at the yards in Verdal, Egersund and Sandnessjøen in addition to Stord over the next few years constructing the many parts that will form the complex topside. It will beinstalled on the 200-m long FPSO vessel that will be producing on the Johan-Castberg field for 30 years from the planned production start in 2022.
Already the construction of the other two big puzzle pieces of the FPSO is well under way. The hull is under construction in Singapore, and the turret is being built in Dubai. These will eventually arrive at Stord in 2020 for assembly and completion before the vessel is moved to its permanent home in the Barents Sea.
The Johan Castberg partnership includes Equinor 50%, Eni 30%, and Petoro 20%.
Recommended Reading
US Raises Crude Production Growth Forecast for 2024
2024-03-12 - U.S. crude oil production will rise by 260,000 bbl/d to 13.19 MMbbl/d this year, the EIA said in its Short-Term Energy Outlook.
Exxon Ups Mammoth Offshore Guyana Production by Another 100,000 bbl/d
2024-04-15 - Exxon Mobil, which took a final investment decision on its Whiptail development on April 12, now estimates its six offshore Guyana projects will average gross production of 1.3 MMbbl/d by 2027.
Range Resources Expecting Production Increase in 4Q Production Results
2024-02-08 - Range Resources reports settlement gains from 2020 North Louisiana asset sale.
To Dawson: EOG, SM Energy, More Aim to Push Midland Heat Map North
2024-02-22 - SM Energy joined Birch Operations, EOG Resources and Callon Petroleum in applying the newest D&C intel to areas north of Midland and Martin counties.
CNOOC Makes 100 MMton Oilfield Discovery in Bohai Sea
2024-03-18 - CNOOC said the Qinhuangdao 27-3 oilfield has been tested to produce approximately 742 bbl/d of oil from a single well.