Production Starts From Johan Sverdrup
Johan Sverdrup, the oil field expected to account for approximately one-third of Norway’s oil production at its peak, came on stream over the weekend, more than 2 months ahead of schedule.
Located in the Utsira High area of the central Norwegian North Sea, 99 mi west of Stavanger, Johan Sverdrup is the third-largest oil field on the Norwegian Continental Shelf (NCS). It holds expected recoverable reserves of 2.7 billion BOE, and the full field can produce up to 660,000 BOPD at its peak. Equinor, the operator of Johan Sverdrup, said that the field will produce CO2 emissions of “well below” 1 kg/bbl, in large part because it will be powered by electricity from shore.
“Johan Sverdrup coming on stream is a momentous occasion for Equinor, our partners, and suppliers,” Equinor president and CEO Eldar Saetre said in a statement.
The field will be developed in two phases involving five fixed platform installations. The first phase of its field center spans around 2,300 ft and includes an accommodation platform, processing platform, and a riser platform, all linked by bridges. The platforms are supported on steel jackets standing in approximately 360 ft of water. Phase 1 has a 440,000-BOPD production capacity.
The second phase, which is expected to start up in late 2022, will see the field center extended with the addition of a second processing platform supported by a steel jacke, and a connecting bridge. It will also include modifications of the riser platform and the addition of five subsea templates. Production capacity for Phase 2 is 220,000 BOPD.
Equinor, Lundin, Petoro, Aker BP, and Total hold ownership stakes in the field.
“This is a milestone for Aker BP. The production from this giant oil field will be a major contributor to Aker BP’s production and earnings growth in the years to come,” Aker BP CEO Karl Johnny Hersvik said.
Johan Sverdrup was sanctioned in August 2015 with a targetd startup data of late December 2019. Equinor said Phase 1 costs were around NOK 83 billion ($9.08 billion), a reduction of around NOK 40 billion from the original estimate. Equinor Executive Vice President, Technology, Projects, and Drilling Anders Opedal said the qualification of new installations technology helped save more than 2 million offshore hours and shaved months off the development schedule.
Oil-Production Costs Reach New Lows, Making Deepwater One of the Cheapest Sources of Novel Supply
In an updated projection, Rystad said that a breakeven of only $50/bbl is needed to produce 100 million BOPD in 2025, reflecting the reduction in oil-production costs.
TechnipFMC Joins Breidablikk Development With EPCI contract
The EPCI contract for the Breidablikk development includes provision of flexible jumpers and rigid pipelines as well as pipeline installation work. About 70% of the value creation in the Breidablikk development phase is expected to go to Norwegian companies.
Equinor Awards Wood $75-Million Contract To Support Mariner Field Development
The latest agreement between Wood and Equinor will begin January 2021. The contract follows recent agreements between the two companies for the Breidablikk development in the Norwegian Continental Shelf.
Don't miss out on the latest technology delivered to your email every two weeks. Sign up for the OGF newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
13 October 2020
13 October 2020
15 October 2020