Johan Sverdrup to Start Production Late 2019

The partnership for the Johan Sverdrup field has agreed a development concept for the first phase of the project. 

‘The first phase of the development is scheduled to start production in late 2019 and is forecast to have a gross production capacity of between 315,000 and 380,000 boepd,’ reads a note released by Lundin Petroleum, adding that between 40 and 50 production and injection wells will be drilled in the first phase of the project.

Statoil, which is another partner, said that the field lifetime would be 50 years.

“This is historic. We have not made a concept selection for a field this size since the 1980s,” Arne Sigve Nylund, Statoil’s executive vice president for development and production in Norway, said in another note released on Thursday.

Investment in the first phase is estimated at between NOK 100 and 120 billion (€12 – 14.4 billion).

‘This includes the entire field centre, wells, export of oil and gas, and power supply,’ reads a communiqué released by Det norske. 

The Johan Sverdrup field consists of three production licences. Det norske has a 20% interest in PL 265 and a 22.22% interest in PL 502. Partners in PL 265 are Statoil 40% (operator), Petoro 30%, and Lundin Norway with a 10%. PL 502 partners are Statoil, with a 44.44% (operator), and Petoro with a 33.33% interest. Lundin Norway has a 40% interest in PL 501 (operator), Statoil has a 40% interest, and Maersk Oil holds a 20% interest.