Per the schedule, the planned impact assessment program is a vital aspect of the arrangements before a final development plan for Johan Castberg is submitted in 2017. The plan will report the development, applicable development solutions and expected impacts on other businesses and communities. The planned program is being forwarded to consultative bodies so that they can submit any issues for debate during the consultation process associated with the Johan Castberg impact assessment work.
Per a spin-off report from Agenda Kaupang, based on an investment estimate in the range of NOK 50–60 billion, the Johan Castberg project will be an important part of NCS investments in the period 2018–2022. The first phase of the Johan Sverdrup development is expected to be completed within this period. However, these plans may be adversely impacted if prices of oil continue to remain low.
Moreover, the estimated value creation in Norwegian supplies of goods and services to Johan Castberg is of NOK 29 billion. This amount exceeds half of the project’s total investments. During the development period value creation in North Norway is projected to be NOK 1.7 billion.
Statoil has undertaken a comprehensive assessment of the possible power solutions for Johan Castberg, on behalf of its partners. The power solutions comprise full and/or partial electrification based on power from land as well as gas-fired power.