Equinor’s Castberg oilfield delayed until end of 2023 – regulator

Equinor’s Castberg oilfield delayed until end of 2023 – regulator

Equinor’s headquarters pictured in Stavanger, Norway December 5, 2019. REUTERS/Ints Kalnins/File Photo

Equinor’s (EQNR.OL) Johan Castberg oilfield in the Arctic Barents Sea won’t come on stream until the end of 2023, a year later than planned due to technical problems that have also hit its value, Norway’s oil and gas safety watchdog said on Tuesday.

The Petroleum Safety Authority (PSA) said in a statement it had identified “serious breaches” of regulations in the construction of the hull for the oilfield’s floating production, storage and offloading (FPSO) vessel.

“The project (is) now…

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Equinor's Castberg oilfield delayed until end of 2023 - regulator

 

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