Norwegian energy company Equinor has brought the giant Johan Sverdrup field on stream more than two months ahead schedule. Sanctioned in 2015, Johan Sverdrup is the largest development on the Norwegian Continental Shelf in three decades. Johan Sverdrup has expected recoverable reserves of 2.7 billion barrels of oil equivalent and the full field can produce up to 660,000 … [Read more...]
North Sea Oil Poised for Last Hurrah With Giant Norway Field
By Timothy Abington and Mikael Holter (Bloomberg) --The rise of a huge new Norwegian oil field is poised to give North Sea output one of its biggest boosts in years. The surge won’t last. Johan Sverdrup, one of the five largest offshore oil fields ever discovered in Norway, has been given the green light to begin production, with operator Equinor ASA scheduled to start … [Read more...]
Norway Approves Johan Sverdrup Start-Up
The Norwegian Petroleum Directorate has granted its approval for the start-up of the Johan Sverdrup field in the North Sea. With expected recoverable resources of between 2.1 and 3.1 billion barrels of oil equivalent, the Johan Sverdrup field development is one of the five biggest oil fields on the Norwegian continental shelf and one of the most important industrial projects … [Read more...]
Norway Approves Funding for Floating Wind Farm at North Sea Oil Fields
Norwegian government-run Enova has approved funding of up to NOK 2.3 billion (US$256 million) to support a project that would develop the world's first floating offshore wind farm to power offshore oil and gas installations in the northern North Sea. The Hywind Tampen project proposes supplying electricity from a floating offshore wind farm to the Equinor-operated … [Read more...]
Equinor Strikes Oil in Barents Sea
Norway-based Equinor says it has struck oil in the Sputnik exploration well located on the Norwegian Continental Shelf in the Barents Sea. Recoverable resources are estimate at between 20 million and 65 million barrels of light oil, Equinor said. The Sputnik well was drilled in licence PL855, approximately 30km north-east of the Wisting discovery. The well encountered a … [Read more...]