Johan Sverdrup is located in the North Sea, 155 kilometres west of Karmøy. Water depth in the area is 110-120 metres. The discovery covers an area of about 200 square kilometres.
The Johan Sverdrup field has recoverable reserves of 2.7 barrels of oil equivalents and will produce up to 660,000 barrels per day at peak. This accounts for around 30% of all Norwegian oil production. The break-even price is less than 20 dollars per barrel. Powered with electricity from shore, the field has record-low CO2 emissions of well-below 1 kg per barrel.
The field is developed in two phases. Phase II of the development was approved by Norwegian authorities in May 2019 with production start-up expected in Q4 2022.
In the second phase of the development, the Johan Sverdrup field will also supply the surrounding fields at Utsira high: Ivar Aasen, Edvard Grieg and Gina Krog, with power from shore.
PL265, PL501, PL501B, PL502
Aker BP Working Interest:
Equinor Energy AS (Operator), Lundin Norway AS, Petoro AS, Total E&P Norge AS
5 October 2019
Estimated reserves (net):
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Read more about our business in Aker BP’s Annual report 2018