Name of the Project
Johan Sverdrup – Phase 3.

Location
The project covers 200 km² in the Utsira High area of the North Sea, Norway.

Project Owner/s
Project partners Equinor Energy AS (42.6267% – operator), Aker BP ASA (31.5733%), Petoro AS (17.36%) and TotalEnergies EP Norge AS (8.44%).

Project Description
Johan Sverdrup is one of the world’s most carbon efficient oilfields. The project partners aim to build on the technologies, solutions and infrastructure from phases 1 and 2.

The development of subsea infrastructure in Phase 3 will increase recovery by 40– to 50-million barrels of oil equivalent. The expected recovery rate from Johan Sverdrup is already at 66%. 

The Phase 3 project is an important step towards achieving the partners’ ambition of 75%.

The development includes two new subsea templates in the Kvitsøy and Avaldsnes areas, with six well slots each, totalling eight wells – seven oil production wells and one water injection well, tied back to existing templates and pipelines to the Phase 2 platform for processing and export.

The project will also facilitate future value creation by adding extra well slots, and opportunities for connecting additional subsea templates.

Potential Job Creation
Not stated.

Capital Expenditure
NKr13-billion.

Planned Start/End Date
Production is expected to start in the fourth quarter of 2027.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
TechnipFMC (engineering, procurement, construction and installation contract for the subsea development). 

Additional contracts, including platform modifications and the drilling of eight wells, are planned to be awarded later in 2025.

Contact Details for Project Information
Equinor press – spokesperson exploration, projects, production and drilling Norway Gisle Ledel Johannessen, tel +47 957 24 487 or email gijoh@equinor.com.