Equinor has announced that it will raise production capacity at its Johan Sverdrup field by 500,000 barrels per day (bpd) by the end of this year.
The latest production capacity will bring the total to around 60,000 barrels more than the ‘original basis’ when the field came online.
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The Johan Sverdrup field began production in 2019 with an estimated output capacity of 440,000bpd.
It is located 150km off the Norwegian coast in the North Sea. It is being developed in two phases, with the first phase coming online in October 2019. The second phase will begin production in the fourth quarter of 2022.
The field is operated by Equinor (42.6%), alongside Lundin Norway (20%), Petoro (17.36%), Aker BP (11.57%) and Total (8.44%).
Equinor Norway development and production senior vice-president Jez Averty said: “For the second time since the start-up the plant is able to increase its daily capacity. As Johan Sverdrup is a field with high profitability and low CO₂ emissions, a production rise is great news.
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By GlobalData“The field has low operating costs, providing revenue for the companies and Norwegian society, even in periods with low prices.”
In October last year, Equinor started production from Phase I of the Johan Sverdrup field.
The second phase of the project will see production rise to 720,000bpd from 690,000bpd.
Johan Sverdrup operations vice-president Rune Nedregaard said: “Based on the positive results of the capacity test where we produced at rates of over 500,000 barrels of oil per day, we are now working on solutions to increase the water injection capacity, which should allow us to further increase daily production capacity beyond this level by mid-2021.”
In March, Equinor announced that Johan Sverdrup oilfield is ramping up production at a faster pace than originally expected.
