19 September 2023 at 08:00 Johan Castberg will be 13 billion more expensive The Johan Castberg development partners, which consist of Equinor, Vår Energi and Petoro, have today updated the costs for the project in the Barents Sea. Investment costs have increased by NOK 13 billion from last year. The plan to start production from the field at the end of 2024 remains unchanged, write the partners. Equinor reports this on its homepage. – Expenses are increasing because more work has to be done than expected, and that the costs of that work have gone up. Nevertheless, Johan Castberg is still a good project with solid finances, and the project breaks even with an oil price of 35 dollars per barrel. barrel, says Geir Tungesvik, who is executive vice president for Projects, Drilling & Procurement at Equinor.
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Johan Castberg will be 13 billion more expensive – news Rogaland – Local news, TV and radio
