The Norwegian shelf’s third largest oil field – measured in reserves – has started production. (Photo: Equinor)
05/10/2019
Nine years after the field was proven, production commenced on Saturday from the North Sea giant, Johan Sverdrup. 24/7, for the next 40 years, oil from this field will secure substantial revenues for Norway.
“It would take more than 50 years of exploration in this area before Johan Sverdrup was discovered. Our analyses showed that there were still significant undiscovered oil volumes in the North Sea. But the fact that so many resources were gathered in a single field came as a surprise to all of us.
“Johan Sverdrup is proof that looking at old available data with fresh new eyes and testing new ideas yields results. The oil saga on the Norwegian shelf is far from over, Johan Sverdrup is proof of that,” says Director General Bente Nyland.
Based on current forecasts, Johan Sverdrup will be responsible for more than one-quarter of total Norwegian oil production in 2023.
Johan Sverdrup is the third largest oil field on the Norwegian shelf – measured in reserves, after Ekofisk and Statfjord.
There is reason to celebrate today. Even so, Nyland reminds us that the real job starts now. While Johan Sverdrup contains vast volumes of oil, the Norwegian Petroleum Directorate will be watching carefully to make sure that all measures necessary to recover every profitable drop are implemented – as is required by the Petroleum Act,” says Nyland.
31/01/2025
The Norwegian Offshore Directorate has granted Vår Energi ASA drilling permit for wellbore 7/1-4 S in production licence 1090, cf. Section 13 of the Resource Management Regulations.
22/01/2025
Orlen Upstream Norway and its partner Norske Shell have drilled a dry well, wildcat well 6305/10-1 “Tomcat”, in the southern part of the Norwegian Sea.
21/01/2025
The Norwegian Offshore Directorate has granted OMV (Norge) AS drilling permit for wellbore 35/6-6 in production licence 1109, cf. Section 13 of the Resource Management Regulations.
17/01/2025
Vår Energi ASA and its partners found gas in the “Elgol” prospect; however, preliminary estimates indicate that the discovery is not profitable given current price assumptions.
14/01/2025
In the 2024 awards in pre-defined areas (APA), 20 companies have been offered ownership interests in a total of 53 production licences on the Norwegian continental shelf (NCS).
09/01/2025
The Norwegian Offshore Directorate's summary of activity on the Norwegian continental shelf in 2024 shows that gas production is higher than ever.
08/01/2025
The Norwegian Offshore Directorate has granted DNO Norge AS drilling permit for wellbore 35/10-15 S in production licence 1182 S, cf. Section 13 of the Resource Management Regulations.
08/01/2025
The Norwegian Offshore Directorate has granted Aker BP ASA drilling permit for wellbore 6507/2-8 in production licence 942, cf. Section 13 of the Resource Management Regulations.
