Facts about the Johan Sverdrup field
Johan Sverdrup is the third largest oil field in the North Sea, and lies 140 kilometres west of Stavanger.
With expected resources of 2.7 billion barrels of oil, the field is one of the most important industrial projects in Norway for the next 50 years. Phase 1 of the field was opened in October 2019, and phase 2 is scheduled to begin production in the fourth quarter of 2022.
In 2014, the Norwegian parliament decided that by 2022, the licensees in the Johan Sverdrup field must establish an area solution for power from land that will supply power to the fields Johan Sverdrup, Edvard Grieg, Ivar Aasen and Gina Krog.
- Production start for phase 1 was in October 2019.
- Johan Sverdrup is located at Utsira High in the North Sea, 160 kilometers west of Stavanger
- The water depth is 110 — 120 meters
- The reservoir contains sandstone from the Jurassic period, and lies at about 1900 meters depth
- The oil from the field will be piped to the Mongstad terminal in Hordaland. The gas will be transported to Statpipe and on to Kårstø processing plant in North Rogaland
- We expect to produce 690,000 barrels a day when production reaches plateau in phase 2. Total resources are estimated at 2.7 billion barrels of oil equivalents, and the ambition is to extract more than 70 percent of the reserves.
- The field will be powered with electricity from shore
- Power from shore (mainly from hydroelectric power) contributes to emissions savings from Johan Sverdrup of more than 620,000 tonnes of CO2 each year, corresponding to emissions to more than 310,000 passenger cars
- During the development phase (2015-2025), Johan Sverdrup may contribute to the employment of more than 150,000 man-years in Norway (Agenda Kaupang, 2017)
- When production is at plateau, it will make up 30 per cent of all Norwegian oil production
- Total production income over 50 years of NOK 1,430 billion
- Revenue for the Norwegian state is estimated at more than NOK 900 billion
- Daily production phase 1 is approximately 470,000 barrels. At plateau, production is estimated at 690,000 barrels per day.
- Due to the size and extent of Johan Sverdrup — the size of the field is around 200 square kilometers — the field is being developed in two phases and with a total of five fixed platform installations
- Production start for the second phase of the development is planned in the fourth quarter of 2022
- First phase investments estimated at NOK 83 billion (investment estimate in nominal NOK based on fixed exchange rate)
- Investments for the second phase estimated at NOK 41 billion (investment estimate in nominal NOK based on fixed exchange rate)