Johan Sverdrup Phase 3

Equinor is the operator of Johan Sverdrup. Aker BP holds a 31.6% interest in the field.

Johan Sverdrup Phase 3 will contribute to increased recovery and continued value creation from one of the world’s most carbon-efficient oil and gas fields. The project involves investments of NOK 13 billion and is expected to increase recoverable volumes from the field by 40–50 million barrels of oil equivalent.

Production start is planned for the fourth quarter of 2027.

Building on existing infrastructure

Phase 3 builds on the technologies, solutions and infrastructure established during the first two phases of the Johan Sverdrup development.

The development includes two new subsea templates that will be connected to existing infrastructure through new pipelines. The project will also facilitate further value creation from the field by providing additional well capacity and opportunities to tie in future subsea templates.

Contributing to a higher recovery rate

Phase 3 is an important step towards increasing the expected recovery rate from Johan Sverdrup to 70%, while the ambition is to reach 75%. By comparison, the average recovery rate on the Norwegian Continental Shelf is 47%.

The field accounts for around one in every three barrels of oil produced on the Norwegian Continental Shelf. Phase 3 will help maintain high production levels from Johan Sverdrup in the years ahead.