The licensees of Norway’s Johan Sverdrup discovery will select a development concept in the fourth quarter of 2013, and aim to start production in the last three months of 2018.
With a forecast producing life of more than 30 years, the production time frame for this North Sea find extends to 2050.
A plan for development and operation (PDO) of Johan Sverdrup is due to be submitted to the Ministry of Petroleum and Energy in the fourth quarter of 2014.
Statoil will serve as operator until an investment decision is taken and the PDO submitted, and the project team is located in Stavanger with participation from the partners.
“Our main job now is to narrow down the volume range and uncertainty, and to study solutions with the aim of achieving a flexible development based on standard technology,” says Øivind Reinertsen, Statoil’s project director for Johan Sverdrup.