In 2010, Lundin was responsible for one of the largest oil discoveries ever made on the Norwegian shelf.
The estimated size of the discovery is between 2.2 and 3.2 billion barrels of oil equivalents. When the field reaches its expected production of 660 000 barrels per day, it will account for around 25 per cent of the entire Norwegian petroleum production.
Johan Sverdrup will be developed in several phases, the first of which will be a field centre with four platforms linked by bridges. The plan calls for production to start toward the end of 2019, with a capacity of 440 000 barrels per day.
Lundin Norway’s ownership interest in the field is 22.6 per cent. Operator Equinor has an ownership interest of 40 per cent. The other owners are Total, Petoro and Aker BP.