Johan Sverdrup is a producing conventional oil field located in shallow water in Norway and is operated by Equinor Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, 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. Buy the profile here.
An expansion project is associated with the Johan Sverdrup, namely the Johan Sverdrup Phase 3. This project is currently in the feasibility stage.
Production from Johan Sverdrup
The Johan Sverdrup conventional oil field recovered 12.11% of its total recoverable reserves, with peak production expected in 2026. Based on economic assumptions, production will continue until the field reaches its economic limit in 2083. The field currently accounts for approximately 14% of the country’s daily output.
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.
For more details on the Johan Sverdrup Conventional Oil Field, buy the profile here.