Yesterday, the Johan Castberg licence, where Eni Norge has a 30 per cent share, submitted its PDO (Plan for Development and Operation) for the Johan Castberg field development project.

Expected recoverable resources are estimated at between 450 and 650 million barrels of oil equivalents, of which Eni Norge’s share will be between 135 and 195 million barrels of oil equivalents. First oil is expected in 2022 and the lifetime of the field is 30 years. For Eni Norge, the field will make a significant contribution towards consolidating our efforts in the Barents Sea.

Johan Castberg is located in PL 532 in the Barents Sea, to the north-west of the Goliat field. It will be developed using a floating platform, incorporating ten subsea templates, two satellites and 30 wells.