Equinor Says Production at Johan Sverdrup Will Hit 535,000 B/D This Year
January 28 2021 - 4:48AM
Dow Jones News
By Dominic Chopping
Norwegian oil-and-gas major Equinor ASA said Thursday that it is
expecting a third capacity increase at the Johan Sverdrup field on
the Norwegian continental shelf.
The giant Johan Sverdrup field came on stream in October 2019
and was expected to have an output capacity of 440,000 barrels a
day. The field is now expected to increase its daily production
capacity up to 535,000 barrels of oil by mid-2021.
"This increase is possible because the field production has been
very good and stable from day one, and the wells have produced even
better than expected," said Rune Nedregaard, vice president for
Johan Sverdrup operations.
Equinor is an operator of the field with a 42.6% interest.
Lundin Energy Norway holds a 20% stake in the field, Petoro holds
17.36%, Aker BP ASA holds 11.5733% and Total SE holds 8.44%.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
January 28, 2021 04:33 ET (09:33 GMT)
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