Finance
Norway's Castberg oilfield remains temporarily halted, Equinor says
Published by Global Banking & Finance Review®
Posted on May 12, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 12, 2025
1 min readLast updated: January 23, 2026
Norway's Johan Castberg oilfield, operated by Equinor, is temporarily halted for repairs after an oil leak. No oil was discharged, and production is expected to resume soon.
OSLO (Reuters) - Output from Norway's Johan Castberg oilfield in the Arctic Barents Sea remains temporarily halted while repairs are being made following an outage, operator Equinor said on Monday.
Production from the field's floating production, storage and offloading (FPSO) vessel was shut at the weekend due to a small oil leak from a heat exchanger. There was no discharge of oil into the sea, the company said.
The Johan Castberg field pumped its first oil in late March and has a capacity to produce up to 220,000 barrels per day.
"We expect to reach plateau production during the second quarter, but are in a start-up phase with various tests and operations that could affect production along the way," Equinor said in an emailed statement.
(Reporting by Nora Buli, editing by Terje Solsvik)
The main topic is the temporary halt of Norway's Johan Castberg oilfield due to repairs following an oil leak.
The oilfield was halted due to a small oil leak from a heat exchanger, necessitating repairs.
The Johan Castberg oilfield has a capacity to produce up to 220,000 barrels per day.
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