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Stock impact report

Equinor Kicks Off Production at Johan Castberg in Barents Sea [Yahoo! Finance]

Equinor ASA (EQNR) 
Last equinor asa earnings: 2/6 12:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
The field, expected to produce for 30 years, is a key asset for Equinor and its partners, Var Energi ASA and Petoro AS. Production at Johan Castberg began on March 31, 2025, with 12 of the 30 planned wells ready for operation. Equinor expects the field to reach plateau production by the second quarter of 2025 while drilling operations will continue until late 2026. The field comprises the Skrugard, Havis, and Drivis discoveries, made between 2011 and 2014, located approximately 100 km north of the Snøhvit field in water depths ranging from 360 to 390 meters. The Johan Castberg field is developed using a floating production, storage, and offloading (FPSO) vessel tied to a subsea system comprising 30 wells distributed across 10 well templates and two satellite structures. The FPSO has a gross oil production capacity of 220,000 barrels per day (b/d) and a design storage capacity of 1.1 million barrels. The field holds estimated recoverable reserves of 450-650 million barrels of oil. Show less Read more
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