Johan Sverdrup
The increase is around 60,000 barrels more than the original basis when the field came on stream over a year ago
Equinor says digital solutions helped increase subsurface understanding, ensure more efficient start-up of wells, higher stable production and more efficient maintenance
The field has expected recoverable reserves of 2.7bn barrels of oil equivalent
The Norwegian energy giant has also launched a share buyback of up to $5 billion
The Johan Sverdrup 2 development will increase production from 440,000 barrels of oil per day to 660,000 barrels per day
The new solution is expected to make Johan Sverdrup one of the world’s most carbon efficient oil fields
Work has begun on laying 200km of power cables to connect the Johan Sverdrup field to shore
Statoil has awarded a contract worth NOK 8 billion (£0.7bn) to build an offshore drilling platform. Aibel won the contract which includes engineering work, procurement and construction for the Johan Sverdrup field. The region has recoverable resources of 1.7 and 3 billion barrels of oil equivalent, according to Statoil. The field will account for roughly […]
Norway’s Statoil announced yesterday it has discovered a new oil reserve in the North Sea. The state-controlled oil company said the find in the Geitungen field has an equivalent of 140 to 270 million barrels of recoverable oil. The discovery was made near the Johan Sverdrup field, Norway’s largest oil find since 1974, which is […]
Norway’s increase in oil developments could mean a boom for UK subsea businesses in the next 12 months. That’s according to the nation’s industry body, Subsea UK, which found around 80% of its members expected Norwegian subsea exports to rise as a result of an increase in deepwater developments. Neil Gordon, Chief Executive of the […]