Norwegian firm Equinor and its partners are planning to increase daily production capacity at the Johan Sverdrup project in the Norwegian North Sea for the third time.
As per the plan, the capacity of the field will be increased to 535,000 barrels per day (bpd) by the middle of this year.
However, the latest move will be subject to water-injection, which is planned to be taken up by the project partners for this year.
Located 150km off the Norwegian coast in the North Sea, the Johan Sverdrup field is being developed in two phases, with the first phase commissioned in October 2019. The second phase will be planned to begin production in the fourth quarter of 2022.
Equinor said that the project will be producing nearly 100,000 barrels per day more than the initial production capacity when the field was started-up.
In November, Equinor and its partners completed testing of the plant capacity and validated its potential rise in production from the field.
As part of this, production rates of up to 535,000 barrels of oil were tested per day, the company said.
Equinor Johan Sverdrup operations vice-president Rune Nedregaard said: “This increase is possible because the field production has been very good and stable from day one, and the wells have produced even better than expected.”
It is located 150km off the Norwegian coast in the North Sea. It is being developed in two phases, with the first phase coming online in October 2019. The second phase will begin production in the fourth quarter of 2022.
The field is operated by Equinor (42.6%), alongside Lundin Energy Norway (20%), Petoro (17.36%), Aker BP (11.57%) and Total (8.44%).
The second phase of the project will see production rise from 690,000bpd to 720,000bpd.