Norway Begins Oil Production at Johan Castberg Field in Arctic
Norway's 86 billion kroner ($8.1 billion) Johan Castberg oil development in the Barents Sea has started pumping, the second major field to begin operations in the country's Arctic waters.
The project, developed by Equinor ASA and partner Var Energi ASA, will reach peak production of about 220,000 barrels of oil a day, Equinor said in a statement on Monday. The cost of the development should be covered in less than two years, with the field's productive lifetime expected to extend for 30 years.
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Minister Lightbound visits Chantier Davie as part of the shipyard's 200th anniversary celebration
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As one of the 3 strategic partner shipyards under the NSS, CDCI plays a critical role in strengthening the country's maritime capabilities. The shipyard was recently awarded a major contract to build a polar icebreaker for the CCG. In addition, design work is currently underway at CDCI for 6 program icebreakers, which are essential for maintaining year-round access to Canada's Arctic and supporting northern communities. Beyond new ship construction, CDCI is a key contributor to the third pillar of the NSS: vessel repair, refit and maintenance. The shipyard is actively engaged in vessel life extension projects, refit and conversion work and sustainment operations across a wide range of fleet assets. These efforts ensure that Canada's maritime fleet remains resilient, mission-ready and capable of operating both domestically and alongside international allies. This year marks the 15th anniversary of the NSS. 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Associated links National Shipbuilding Strategy Repair, refit and maintenance projects Polar icebreaker projects Program icebreakers Industrial and technological benefits Canada signs new partnership agreement with United States and Finland to produce Arctic and polar icebreakers Our North, Strong and Free: A Renewed Vision for Canada's Defence Follow us on X (Twitter)Follow us on Facebook SOURCE Public Services and Procurement Canada View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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