TotalEnergies SE
-0.05 (-0.09%)
Share Name Share Symbol Market Type
TotalEnergies SE EU:TTE Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05 -0.09% 54.36 54.30 54.50 54.59 53.91 54.30 4,107,237 16:40:00

Equinor Says Phase 2 of Johan Sverdrup Field Is Now on Stream

15/12/2022 3:19pm

Dow Jones News

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By Dominic Chopping


Equinor ASA said Thursday that production has now started on phase 2 of the Johan Sverdrup field in the North Sea.

Phase 2 increases Johan Sverdrup's production capacity to 720,000 barrels a day from 535,000 barrels, and Equinor is aiming to increase this to 755,000 barrels a day.

"Johan Sverdrup alone can thus meet 6%-7% of the daily oil demand in Europe," the company said.

Recoverable volumes in the Johan Sverdrup field total 2.7 billion barrels of oil equivalent.

The Johan Sverdrup phase 2 project consists of a new platform, five new subsea systems, 28 new wells, and facilities to send power from shore, among other things.

Equinor is the operator of Johan Sverdrup with a 42.6% stake, while Aker BP ASA has 31.6%, Petoro AS 17.4% and TotalEnergies SE 8.4%.


Write to Dominic Chopping at


(END) Dow Jones Newswires

December 15, 2022 10:04 ET (15:04 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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