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| Norwegian Ministry Final Approves PDO For First Phase of Johan Sverdrup |
Norwegian Ministry Final Approves PDO For First Phase of Johan Sverdrup
The plan for development and operation (PDO) for Johan Sverdrup, phase one, was approved by the Ministry of Petroleum and Energy in August 2015.
In addition the associated plans for installation and operation (PIO) for transportation pipelines and power supply from shore were approved.
Arne Sigve Nylund, executive vice president for Development and Production Norway said: ¡°We are on schedule in the Johan Sverdrup development. The project activities will now be stepped up, and more contracts will be awarded in the autumn. Last week the first piece of the Johan Sverdrup development, the pre-drilling template, was installed on the field in the North Sea. Contracts worth more than NOK 40 B have been awarded so far in the development, 75 % of which have been landed by suppliers with Norwegian invoice addresses,¡± says Øivind Reinertsen, senior vice president for Johan Sverdrup.
The Johan Sverdrup oil field will be developed in several phases. Phase one consists of four bridge-linked platforms and three subsea water injection templates with a production capacity in the range of 315,000-380,000 barrels per day. First oil is planned for late 2019.
The Johan Sverdrup partnership consists of Statoil, Lundin Norway, Petoro, Det norske oljeselskap and Maersk Oil.
By Eris in Press Center of Lord Steel Industry Company Limited
News@lordsteel.com |
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