Equinor and its companions are investing NOK 13 billion within the third part of Johan Sverdrup, one of many world’s most carbon-efficient oil fields. New subsea infrastructure will improve restoration by 40–50 million barrels of oil equal (boe).
Picture: Aker BP
“By constructing on the applied sciences, options, and infrastructure from phases 1 and a pair of of Johan Sverdrup, we are able to perform an environment friendly growth with a speedy start-up of manufacturing,” stated Trond Bokn, senior vp for undertaking growth in Equinor. “The undertaking will increase the restoration charge and worth creation from Johan Sverdrup, one of many world’s most carbon-efficient oil and fuel fields. On the similar time, it contributes to steady vitality provides to Europe.”
Elevated worth creation and innovation
The event contains two new subsea templates which will likely be tied into present infrastructure by way of new pipelines. The funding will improve recoverable volumes from the sphere by 40–50 million boe, with manufacturing anticipated to start out within the fourth quarter of 2027.
To make sure optimum useful resource utilization, the undertaking leveraged synthetic intelligence to research subject layouts and nicely paths. This know-how has enabled quicker decision-making and resulted in value financial savings of NOK 130 million for the part 3 undertaking.
The undertaking additionally facilitates future worth creation at Johan Sverdrup by including additional nicely slots, and alternatives for connecting further subsea templates.
Contract awards
The Johan Sverdrup subject contributes considerably to worth creation and ripple results in society and has pushed essential industrial growth in Norway.
For the part 3 undertaking, TechnipFMC has been awarded the contract for engineering, procurement, building, and set up (EPCI) for the subsea growth, with a contract worth of roughly NOK 5.3 billion. Further contracts, together with platform modifications and the drilling of eight wells, are deliberate to be awarded later in 2025.
Elevated restoration and manufacturing
Secure and environment friendly operations at Johan Sverdrup are delivering outcomes, with systematic efforts to maximise restoration. Part 3 of the event will create further worth.
The anticipated restoration charge from Johan Sverdrup is already world-class at 66 p.c. The part 3 undertaking is a vital step in direction of reaching our ambition of 75 p.c. The common for the Norwegian continental shelf (NCS) is 47 p.c.
“In 2024, Johan Sverdrup set a manufacturing report with 260 million barrels of oil, the very best annual oil manufacturing ever from a Norwegian subject,” stated Marianne Bjelland, vp for Johan Sverdrup. “Each third barrel of oil from the Norwegian continental shelf now comes from the sphere. Part 3 is a vital contribution to sustaining excessive manufacturing from Johan Sverdrup within the years to return.”
Equinor goals to take care of a excessive degree of oil and fuel manufacturing on the NCS in direction of 2035. Johan Sverdrup part 3 is one in every of a number of tasks receiving an funding resolution this 12 months that helps this ambition.
The partnership has submitted a notification to the authorities in accordance with the prevailing plan for growth and operation (PDO). The notification is topic to governmental approval.
