Johan Sverdrup
Johan Sverdrup is the third largest oil field on the Norwegian shelf, with expected resources of 2.7 billion barrels of oil equivalents. This giant oil field makes a significant contribution to Aker BP’s production.
The entire field is now on stream, and accounts for roughly a third of Norway’s oil production. It also has some of the lowest CO2 emissions of any oil field in the world.
Johan Sverdrup has reserves of 2.7 billion barrels of oil equivalents, and the entire field is now in production. Phase One of Johan Sverdrup opened in October 2019, and Phase Two came on stream in December 2022.
The field is located in the Utsira High area in the North Sea, 160 kilometres west of Stavanger, in water depths of 110-120 meters, and covers an area of 200 square kilometres. The field can produce up to 755,000 barrels of oil per day at plateau, roughly a third of Norwegian oil production at current levels.
The field is estimated to generate more than 3,400 person-years of work each year, and production from the field has already contributed substantially to the Norwegian welfare state. Eighty-two percent of revenues from Johan Sverdrup go to the state through taxes and direct ownership interest, estimated at a total of about NOK 900 billion over the lifespan of the field.
Johan Sverdrup has some of the lowest CO2 emissions of any oil field in the world, 80-90% lower than the global average, thanks to electrification with power from shore.
Read more about Johan Sverdrup on operator Equinor’s website.