Asset Report
Wisting
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Wisting project was postponed in late 2022 due to rising costs and concerns that it would struggle to be delivered on time and on budget. We have delayed a potential final investment decision (FID) until 2028 in line with operator guidance. Wisting consists of two discoveries: Wisting Central and Wisting Main (Hanssen). They are two of the most northerly discovery in Norway's Barents Sea and 170 kilometres northeast of Johan Castberg.
Table of contents
- Summary
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Key Issues
- Wisting postponed due to rising costs and execution risk
- Development concept could include a new-build ship-shaped FPSO
- Shallow reservoir challenges
- Remote location in the Barents Sea
- Resource estimates vary and recent exploration has failed to delivery material upside
- Decarbonisation - power from shore concept dropped with Carbon Capture and Storage being considered
- Exploration
- Appraisal
- Emissions
- Capital costs
- Operating costs
- Global Economic Model (GEM) file
- Indicative Technical Valuations
Tables and charts
This report includes the following images and tables:
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Indicative Technical ValuationsIndex mapWisting map
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ParticipationContingent Resources (2C) at 01/01/2026
What's included
This report contains:
