Latest news on Johan Sverdrup
A series of major operations are underway at our giant field development in the North Sea. Here are the latest news items on the project.
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May 14, 2018Power cable being installed at Johan Sverdrup makes field best in class for CO2 emissions
The laying of the cable supplying Johan Sverdrup with power from shore started last week. This helps make the North Sea giant one of the oil and gas fields with the lowest CO2 emissions worldwide.
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May 3, 2018Mobilising the offshore organisation for the Johan Sverdrup field
Today, up to 2,400 men and women are starting to mobilise for the hook-up and completion of the Johan Sverdrup field in the North Sea.
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April 30, 2018Pipelaying operations for Norway’s largest oil pipeline are underway
The operations to install Norway’s largest pipeline to the Johan Sverdrup field started outside Mongstad late last week onboard the vessel Saipem Castorone.
Key milestones
Recently the last module of the Johan Sverdrup riser platform was lifted into place. It’s our first major milestone on the way to installing the four platforms.
Key milestones this year include:
- The riser platform
- The drilling platform
- Three steel jackets (for the drilling platform, the processing platform, and the utility- and living quarters)
- The bridge connecting the riser and drilling platforms
- 400 km of oil and gas pipelines
- 200 km of power cables
In 2019 the topsides for the processing platform and the utility and living quarters will be installed, in time for production start-up of the Johan Sverdrup field later that year.
Johan Sverdrup drilling platform launch, April 2018
Johan Sverdrup Riser platform sailaway from South Korea
Building Johan Sverdrup
Johan Sverdrup—the North Sea giant
Johan Sverdrup is one of the five largest oil fields on the Norwegian continental shelf. With expected resources of between 2.1—3.1 billion barrels of oil equivalents, it will also be one of the most important industrial projects in Norway in the next 50 years. The development and operation of this enormous field will generate revenue and provide jobs for coming generations.
Contracts worth more than NOK 60 billion have been awarded in connection with the Phase One development, with 70% of the total number of contracts awarded to Norwegian suppliers. During the period 2016-2018, the main construction phase of the project, more than 12000 people every day around the world will contribute to Johan Sverdrup..
The field will be operated by electrical power generated onshore, reducing offshore emissions of climate gases by 80%—90% compared to a standard development utilising gas turbines on the NCS.
Johan Sverdrup is one of the largest oil discoveries ever made on the NCS.
Peak production will constitute 25% of all Norwegian petroleum production at the time.
Facts about Johan Sverdrup
- Located on the Utsira Height in the North Sea, 160 kilometres west of Stavanger
- Oil from the field will be piped to the Mongstad terminal in Hordaland. Gas will be transported via Statpipe to the Kårstø processing plant in North Rogaland
- First-phase investments estimated at NOK 88 billion (capex numbers in nominal terms based on fixed currency)
- Total production revenues of NOK 1,350 billion over 50 years
- Estimated corporation tax paid to the Norwegian state will be NOK 670 billion
- Daily production during first phase estimated at 440,000 barrels per day. Peak production estimated to reach 660,000 barrels daily
- Water depth is 110—120 metres; the reservoir is located at a depth of 1900 metres
- The field will be operated by electrical power generated onshore
- Production start for Phase One is planned for late 2019.
Adding value
A new adventure on the Norwegian continental shelf (NCS):
When we first discovered oil in the North Sea, few people in Norway foresaw the growth and affluence that this venture would bring to the country.
Our task
We are the operator for all phases of the Johan Sverdrup development.
In many ways, Johan Sverdrup represents the sum total of 40 years' development and activities on the Norwegian continental shelf.
Its magnitude
The discovery of the giant Johan Sverdrup field in the North Sea in 2010—2011 will endure as a milestone in the history of the Norwegian oil industry.
Johan Sverdrup and the future energy mix
Even in a two-degree scenario, the world will be dependent on oil and gas for many years to come. Oil is necessary for transport, in food production and for the production of plastics and other products that we use in our daily lives—but the world’s production of oil and gas is falling. Even in a low-carbon future, the world will still require new oil fields equivalent to 20 times Norway’s current total production in 2035. Johan Sverdrup will be one of the most important oil fields providing sufficient energy for a growing global economy.
The partners in the Johan Sverdrup field development:
40.0267%
Equinor (operator)
22.6%
Lundin Norway
17.36%
Petoro
11.5733%
AkerBP
8.44%
Total