Johan Sverdrup is a producing conventional oil field located in shallow water in Norway and is operated by Equinor Energy . The field is located in block 16/2P (PL 265), 16/2P (PL 501), 16/5P (PL 502), 16/3P (PL 501 B), and 16/3P (PL 501), with water depth of 384 feet.
An expansion project is associated with the Johan Sverdrup, namely Johan Sverdrup Phase 2. This project is currently in the commissioning stage, expected to start in 2022.
Production from Johan Sverdrup
The Johan Sverdrup conventional oil field recovered 12.17% of its total recoverable reserves, with peak production expected in 2023. The peak production will approximately 686.46 thousand bpd of crude oil and condensate, 129 Mmcfd of natural gas and 16.07 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2070. The field currently accounts for approximately 14% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 2,791.99 Mmboe, comprised of 2,658.27 Mmbbl of crude oil & condensate, 498.15 bcf of natural gas reserves and 50.69 Mmbbl of natural gas liquid reserves. Johan Sverdrup conventional oil field reserves accounts 0.60% of total remaining reserves of producing conventional oil fields globally.
Contractors involved in the Johan Sverdrup conventional oil field
Some of the key contractors involved in the Johan Sverdrup project as follows.
Design/FEED Engineering: Aker Kvaerner , IKM Gruppen and Lloyd’s Register Group
Main EPC: Aibel , Aker Solutions , Kvaerner and Subsea 7
EPC Contractors: Agility Group , NKT and TechnipFMC
Other Contractors: Aibel, Aker Solutions, Aquaterra Energy , Beerenberg Services and FPE Sontum
About Equinor Energy
Equinor Energy AS (Equinor Energy) is a wholly-owned subsidiary of Equinor ASA. The company provides oil and gas exploration and production services. It extracts, refines, and transports natural gas, crude oil, and wind power for manufacturing of synthetic fabrics, plastics, asphalt, cosmetics, and medicines. Equinor Energy is headquartered in Stavanger, Norway.
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.