Johan Castberg Project NEWS

Norwegian energy major, Equinor has dropped the idea of a downscaled ship-to-ship oil transfer terminal for the Johan Castberg field, attributing higher economics as the reason. Equinor undertook a study of ship-to-ship oil transfer from the Barents Sea by a quay in Finnmark county in March 2018. Equinor will now export the oil from Johan Castberg directly to the market. The Johan Castberg is operated by Equinor, where Var Energi and Petoro are partners.

Norwegian oil giant, Equinor has awarded Alcatel Submarine Networks with a contract for permanent reservoir monitoring (PRM). PRM refers to permanent installation of seismic sensors on the seabed, providing better images of reservoir changes frequently. The PRM project management will be shared between Johan Castberg and Johan Sverdrup, leading to both synergies and savings. Nexans Norway will act as a subcontractor to Alcatel on the Johan Castberg PRM project.