The North Sea giant

Johan Sverdrup is one of the five largest oil fields on the Norwegian continental shelf. With expected resources of between 1.9—3.0 billion barrels of oil equivalents, it will also be one of the most important industrial projects in Norway in the next 50 years. The development and operation of this enormous field will generate revenue and provide jobs for coming generations.

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First-phase development work can provide some 51,000 man-years of work in Norway, with 2,700 man-years of work in the production phase (including ripple effects).
 

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Johan Sverdrup is one of the largest oil discoveries ever made on the NCS.

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The field will be operated by electrical power generated onshore, reducing offshore emissions of climate gases by 80%—90% compared to a standard development utilising gas turbines on the NCS.

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 Peak production will constitute 25% of all Norwegian petroleum production at the time.

Facts about Johan Sverdrup

  • Located on the Utsira Height in the North Sea, 160 kilometres west of Stavanger
  • Oil from the field will be piped to the Mongstad terminal in Hordaland. Gas will be transported via Statpipe to the Kårstø processing plant in North Rogaland
  • First-phase investments estimated at NOK 99 billion (capex numbers in nominal terms based on project currency)
  • Total production revenues of NOK 1,350 billion over 50 years
  • Estimated corporation tax paid to the Norwegian state will be NOK 670 billion
  • Daily production during first phase estimated at 440,000 barrels per day. Peak production estimated to reach 660,000 barrels daily
  • Water depth is 110—120 metres; the reservoir is located at a depth of 1900 metres
  • The field will be operated by electrical power generated onshore
  • Production start for Phase One is planned for late 2019.

Its significance

How we're solving the task

Adding value

A new adventure on the Norwegian continental shelf (NCS):
When we first discovered oil in the North Sea, few people in Norway foresaw the growth and affluence that this venture would bring to the country.

Our task

We are the operator for all phases of the Johan Sverdrup development.
In many ways, Johan Sverdrup represents the sum total of 40 years' development and activities on the Norwegian continental shelf.

Its magnitude

The discovery of the giant Johan Sverdrup field in the North Sea in 2010—2011 will endure as a milestone in the history of the Norwegian oil industry.

Johan Sverdrup and the future energy mix

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Even in a two-degree scenario, the world will be dependent on oil and gas for many years to come. Oil is necessary for transport, in food production and for the production of plastics and other products that we use in our daily lives—but the world’s production of oil and gas is falling. Even in a low-carbon future, the world will still require new oil fields equivalent to 20 times Norway’s current total production in 2035. Johan Sverdrup will be one of the most important oil fields providing sufficient energy for a growing global economy.

The partners in the Johan Sverdrup field development:

40.0267%
Statoil (operator)

22.6%
Lundin Norway

17.36%
Petoro

11.5733%
AkerBP

8.44%
Maersk Oil