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| 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
TotalEnergies (EU:TTE)
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From Oct 2022 to Apr 2023
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 dominic.chopping@wsj.com
(END) Dow Jones Newswires
December 15, 2022 10:04 ET (15:04 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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