Platts launches Johan Castberg CIF Rotterdam assessment June 23

As part of its commitment to provide pricing transparency into emerging crude oil flows, Platts, part of S&P Global Commodity Insights, has launched an assessment for Norway's Johan Castberg crude oil on a CIF Rotterdam basis, both on an outright price basis and a differential to the North Sea CIF Dated Brent Strip, June 23.

The new assessment complements Platts' array of regional light sweet crude oil assessments in the North Sea.

The Johan Castberg assessment reflects 700,000-barrel cargoes for delivery into Rotterdam 12 days to one month ahead from the assessment date, pricing five days after bill of lading as standard.

Bids, offers and trades may also be published as a differential to Cash BFOE or as an outright price.

Johan Castberg came online in late March 2025 and has an API gravity of 34.7 and sulfur content of 0.16%, according to assays seen by Platts.

A joint venture between Equinor, Var Energi, and Petoro, the grade represents Norway's northernmost Arctic oil development in the Barents Sea. Production is expected to reach 220,000 b/d at its peak.

The assessments are published under the following symbol codes:

The new assessments are published in Crude Oil Marketwire and on Platts Global Alert/Platts Crude Oil Alert pages 1212 and 1213.

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