Equinor, Partners to Spend $400 Million to Add Castberg Barrels

Equinor ASA and partners will spend 4 billion kroner ($400 million) to boost barrels coming from the Johan Castberg oil field in the Barents Sea, as the Norwegian company seeks...

By Kari Lundgren · Bloomberg Markets

Equinor ASA and partners will spend 4 billion kroner ($400 million) to boost barrels coming from the Johan Castberg oil field in the Barents Sea, as the Norwegian company seeks to extend plateau production from its newest production hub.