Norway approves development of giant Johan Sverdrup field

The Norwegian parliament has approved the plan for development of one of Norway’s largest oil discoveries in decades – the Statoil-operated Johan Sverdrup field in the North Sea.

“Johan Sverdrup is the start of a new chapter in Norwegian oil history,” said the country’s energy minister Tord Lien.

He said the development would provide jobs and income“for our grandchildren too”.

“There is reason to be both proud and delighted,” the minister said.

Several major contracts related to the development of the Johan Sverdrup have already been awarded to Norwegian companies. Statoil on Monday awarded $558 million contract to Odfjell Drilling for drilling wells at the field.

Also, last week Norwegian contractor Kvaerner, together with KBR from the US,  won a contract for the construction of the topside for the utility and living quarter platform at the Johan Sverdrup field. The contract has a value of $843 million.

Johan Sverdrup is one of the five biggest oil fields on the Norwegian continental shelf. With expected resources of between 1.7 – 3.0 billion barrels of oil equivalent, it will also be one of the most important industrial projects in Norway over the next 50 years.

The Johan Sverdrup licensees are Statoil, Lundin Norway, Petoro, Det norske oljeselskap and Maersk Oil.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Mar 2019 >>
MTWTFSS
25 26 27 28 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

16th MOSCOW INTERNATIONAL OIL AND GAS EXHIBITION

The Moscow International Oil & Gas Exhibition display products like oil and gas products, oil and gas services…

read more >

Beijing International Offshore Oil & Gas Exhibition (ciooe) 2019

Beijing International Offshore Oil & Gas Exhibition (ciooe), is a regular gathering in oil & gas industry…

read more >

Lebanon International Oil & Gas Summit 2019

LIOG 2019 will delve further into the opportunities that are present in Lebanon’s energy sector…

read more >

Atyrau Oil & Gas 2019

The event program is dedicated to the most topical issues of search, exploration, development of hydrocarbons…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply