Equinor ASA and partners expect increased full field gross production capacity at Johan Sverdrup. Once Phase 2 is on stream—expected by fourth-quarter 2022—full field gross production capacity of 755,000 b/d of oil is expected, up from 720,000 b/d.
Execution of Phase 2 has proceeded with jacket installation offshore and full assembly of the second processing platform in Norway. Completion activities ahead of offshore installation in second-quarter 2022 are ongoing.
Costs are unchanged from the PDO estimate of $1.68 billion. Full field breakeven oil price for Johan Sverdrup has been reduced to $15/boe from $20/boe.
Johan Sverdrup is the third largest oil field on the Norwegian continental shelf, with expected recoverable reserves of 2.7 billion boe. It is powered from shore with low CO2 emissions per bbl. Emissions during the field life are estimated at less than 0.7kg CO2 per produced bbl.
Equinor is operator (42.6%) with partners Lundin Energy Norway (20%), Petoro (17.36%), Aker BP (11.57%), and TotalEnergies (8.44%).
