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Construction Start for Johan Castberg, a Springboard for Increased Activity in the Barents Sea

Source: www.gulfoilandgas.com 11/21/2018, Location: Europe

Kvaerner cuts first steel for the topside of Equinor’s Johan Castberg floating production storage and offloading (FPSO) vessel. The project is a good example of how oil companies and Norwegian suppliers can cooperate to make field developments more profitable, even in the Barents Sea where there is little prior infrastructure.

In many ways Johan Castberg represents the oil industry’s springboard to the rest of the Barents Sea, because the project demonstrates that field developments far north on the Norwegian continental shelf can be very profitable. This will open up major opportunities in Norway’s northernmost marine area, and for Norwegian industry.

“Additionally, Johan Castberg is an important project for Kvaerner and the Norwegian supplier industry because it enables us to further develop our expertise in constructing floating production vessels, which is expected to be the preferred platform type for future developments in the Barents Sea. As such, you could say that Equinor’s Johan Castberg is a valuable springboard for future development requirements in the Barents Sea, which will be a very important region for Kvaerner with regards to future activity at our Norwegian facilities,” says Karl-Petter L?ken, CEO of Kv?rner.

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Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


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