Equinor wants to produce more oil at the Johan Sverdrup field

Johan Sverdrup platformPhoto: Carina Johansen / NTB

Equinor expects production capacity at the Johan Sverdrup oil field to increase to up to 535,000 barrels per day in mid-2021.

That is around 100,000 barrels more than was assumed at the start of production on the field in 2019, Equinor writes.

This will be the third capacity increase since the field started up.

“This increase is possible because production on the field has been good and stable from day one, and the wells have been doing better than expected,” operations director Rune Nedregaard at Equinor noted in a press release.

The Johan Sverdrup field is powered from shore with very low CO2 emissions per barrel. In 2020 one barrel of oil produced at the field emitted below 0.2 kg CO2 – almost 100 times lower than the global average. Emissions during the field life are estimated at less than 0.7kg CO2 per produced barrel.

The barrels from Johan Sverdrup is of high value with a break-even below USD 20 per barrel for the full field development.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayNews

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