Output at Norway’s Johan Sverdrup oilfield will rise to 433,000 barrels per day (bbl/d) in April from around 350,000 bbl/d at the end of last year, according to a schedule seen by Reuters which operator Equinor shared with oil traders.
The first phase of the Sverdrup field development came on stream last October and has an estimated plateau capacity of 440,000 bbl/d, which Equinor has said it will reach “during summer 2020”.
Equinor was not immediately available to comment on the loading program for Sverdrup, which has quickly become western Europe’s largest producing oilfield.
The company has previously said it needed to drill two new production wells to reach the first-phase plateau after starting output from eight pre-drilled wells last year.
Drilling of the first of these two wells started in January, Sverdrup field partner Lundin Petroleum has said.
Alex Schneiter, Lundin’s chief executive, told an energy conference last week that its ramp-up was going “extremely well”.
“We are targeting plateau during summer 2020, but I would not be surprised if we could do better than that,” he added.
Executives of Aker BP, another partner, told Reuters last month that Equinor was working to accelerate the phase-one ramp-up.
Other partners in the 2.7 billion barrel North Sea field are French Total and Norway’s Petoro.
Recommended Reading
BP Pushes High Margin Projects, LNG Supply Growth
2023-08-04 - U.K.-based energy giant BP Plc looks to deliver on two important fronts by 2025 as it brings online more hydrocarbon production and boosts LNG supply.
Exxon Mobil, Chevron Profits Slump, but Permian Itch Persists
2023-07-28 - Exxon Mobil and Chevron Corp. each reported declines in second-quarter profits as the U.S. supermajors even as they continue to pump the Permian Basin.
Southwestern Energy Takes Q2 Earnings Hit, But Slashes Debt
2023-08-08 - Debt reduction drives Southwestern Energy’s strategy as second quarter earnings plummet.
Enterprise Products Partners Updates Permian Projects, Reports Earnings Slide
2023-08-02 - Lower commodity prices are blamed for the slide in Enterprise Product Partners’ second quarter results.
Matador Resources Expanding Delaware Basin Midstream Capacity
2023-07-27 - Matador Resources plans to boost its natural gas processing capacity in the Permian Basin to serve third-party demand and the E&P’s own development plans.