Norwegian authorities have approved the NOK 41 billion (US$4.7 billion) plan for development and operation of the second phase of the Johan Sverdrup field development in the North Sea, Equinor said in a news release May 15.
The second phase of the development, which is the biggest underway on the Norwegian Continental Shelf, will increase production to 660,000 barrels of oil per day (bbl/d) from 440,000 bbl/d. Start-up is scheduled for fourth-quarter 2022. Plans call for a new processing platform (P2), riser platform modifications, five subsea systems, and preparations for power supply from shore to the Utsira High in 2022, according to the release.
“This is a big day for Equinor and the other Johan Sverdrup partners comprising Lundin Norway, Petoro, Aker BP and Total,” Anders Opedal, executive vice president of technology, projects and drilling for Equinor, said in the release. “Johan Sverdrup is a world-class field that will provide value to its owners and society for 50 years ahead with record-low emissions. This truly marks the beginning of the second development phase.”
The approval came the same day as construction began on the field’s second processing platform at Aibel’s yard in Haugesund.
Meanwhile, the first phase of the development is nearing 90% completion, and production is expected to start in November.
2023-12-07 - NGL held open seasons for the conduit in 2016 and 2021.
2023-10-16 - Western Midstream’s acquisition of Meritage Midstream Services II adds approximately 1,500 miles of natural gas pipelines to its portfolio.
2023-09-20 - Enbridge will only consider expanding its Mainline pipeline capacity once the Canadian government-owned Trans Mountain expansion (TMX) project begins operations.
2023-11-07 - U.S. pipeline operator Kinder Morgan said on Nov. 7 it would acquire NextEra Energy Partners' gas pipelines in South Texas for $1.82 billion.
2023-10-30 - Quantum Capital Solutions is committing $300 million for Comstock Resources' Pinnacle gathering and treatment system, among other Haynesville midstream operations.