In 2010, Lundin was responsible for one of the largest oil discoveries ever made on the Norwegian shelf.
Production on the giant Johan Sverdrup field will start in October 2019. 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 20 per cent. Operator Equinor has an ownership interest of 42,6267 per cent. The other owners are Total, Petoro and Aker BP.
Here you can read the story of how Johan Sverdrup was discovered by Lundin Norway in 2010 with well 16/2-6.
Johan Sverdrup facts
- The field will contribute more than 150,000 full-time equivalents in the development period between 2015-2025.
- Johan Sverdrup will contribute more than 3,400 full-time equivalents every single year when the field comes on stream.
- Over its lifetime, the field is expected to contribute more than 900 billion kroner to the Norwegian state.
- The field will be operated using power from shore. This will reduce production emissions equivalent to 620,000 tonnes of CO2 every year.