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.
Field participation details
The field is owned by Aker BP, Equinor, Petoro and TotalEnergies.
Production from Johan Sverdrup
The Johan Sverdrup conventional oil field recovered 12.13% of its total recoverable reserves, with peak production expected in 2026. The peak production will approximately 708.53 thousand bpd of crude oil and condensate, 137.00 Mmcfd of natural gas and 23.61 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2082. The field currently accounts for approximately 13% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 4,205.54 Mmboe, comprised of 3,946.66 Mmbbl of crude oil & condensate, 764.09 bcf of natural gas reserves and 131.52 Mmbbl of natural gas liquid reserves. Johan Sverdrup conventional oil field reserves accounts 0.93% of total remaining reserves of producing conventional oil fields globally.
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.