Norway approves extension to giant oilfield

16/05/2019 09:00 Oil Market

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Authorities in Norway have formally approved the development and operation of the second phase of the giant Johan Sverdrup oil field.

Developer Equinor says the extension to the field, with planned start-up in 2022, will increase production from 440,000 barrels of oil per day to 660,000 barrels per day.

 

Johan Sverdrup is the biggest field development on the Norwegian Continental Shelf since the 1980s – the first phase is nearly 90% completed and production is expected to start this November.

Source: energylivenews.com

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