Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Revealed: The £11bn plans to develop giant North Sea field as Sverdrup closes in on approval

Artist's impression of the first phase Johan Sverdrup installation.

The partners behind plans to develop a giant North Sea oil field have revealed their preferred approach – which will see the field produce more than 500,000 barrels of oil equivalent per day.

The Johan Sverdrup field, on the Norwegian shelf, is expected to contribute up to a quarter of the country’s entire oil output once fully operational.

The companies involved, including Lundin Petroleum, Statoil, Maersk, state oil firm Petoro and Maersk, will invest more than £11billion to develop the first phase of the project.

“The development of this field will be one of the largest project undertakings in the North Sea since the 1980s,” said Lundin chief executive Ashley Heppenstall.

“The quality, size and location of this field are a unique combination…It is often quoted in the oil industry that big oil fields get bigger and we certainly believe that this will be the case for Johan Sverdrup.”

The field, around 140km west of Stavanger, is hought to contain up to 3billion barrels of oil and will have a lifespan of 50 years.

The companies involved have decided to go-ahead with a system to provide power for the field’s development from onshore Norway following months of debate on the best solution to power the operations. Alternative solutions will be looked at for later phases as the operators look to cut CO2 emissions from the area.

Four installations will be phased into the field, with the first phase producing around 315,000 barrels of oil once production starts in late 2019.

A process platform, drilling platform, riser and living quarters will be built on the field, in water of around 120m, with the steel jacket installations being linked by bridges.

Oil will be transported through new pipelines to the Mongstad terminal, while gas will be taken to the Kårstø facility for processing, with the developers aiming to achieve a high recovery rate from the field.

“On the Norwegian Continental Shelf a number of the larger mature fields are achieving recovery factors at or exceeding 70 percent and it will be the objective to achieve similar results for Johan Sverdrup.”

The cost of future phases of the project is still to be negotiated by the firms involved, although the project designs have met with approval by the partners.

Maersk Oil managing director Morten Jeppensen said the eyes of the world would be on the Sverdrup project as a flagship for the industry.

“Our primary focus is to unlock the maximum potential from the full field both in the near and longer term,” he said.

“This will bring benefits to all partners involved in the project and Norwegian society more broadly.”

Final plans for the project will be submitted to the Norwegian government for approval, with the go-ahead expected to come for the project next year.

Recommended for you


More from Energy Voice

Latest Posts