When the drilling platform is installed and operational, the eight predrilled wells will be hooked up from the predrilling template. At this point, Deepsea Atlantic will drill the injection wells providing reservoir pressure support to maintain high field production.
A 1.5 billion-kroner contract for integrated drilling services was let to Baker Hughes Inc. in July 2015. The contract for rig and drilling services on Johan Sverdrup, totaling more than 4.35 billion kroner, was let to Odfjell Drilling in June 2015. Contracts worth more than 50 billion kroner have been let by the Johan Sverdrup project.
Johan Sverdrup has estimated resources of 1.7-3 billion boe. Peak production will be equivalent to 25% of all Norwegian petroleum production, Statoil said. First-phase production is expected to reach 315,000-380,000 b/d of oil with peak production pegged at 550,000-650,000 b/d.
Partners in the project inclue Statoil 40.0267%, Lundin Norway 22.6%, Petoro 17.36%, Det norske oljeselskap 11.5733%, and Maersk Oil 8.44%.