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Statoil's Johan Sverdrup field generating enormous value


Published Nov 4, 2014
Statoil's Johan Sverdrup field
Statoil's Johan Sverdrup field

The gigantic Johan Sverdrup field, one of the most profitable industrial projects in Norway over coming decades, will provide enormous value.

Construction of the first phase may lead to 51,000 man-years related to Norwegian deliveries, and the field may produce revenues amounting to NOK 1350 billion. The project will provide new knowledge, new solutions and new opportunities.

“Johan Sverdrup represents all we stand for as an industry and our faith in the future. This will be a gigantic project that will secure energy supply and jobs and result in substantial spin-offs and value for Norwegian society, the industry and the partnership behind the development,” says Arne Sigve Nylund, Statoil executive vice president for Development & Production Norway.

“Johan Sverdrup represents all we stand for as an industry and our faith in the future. This will be a gigantic project that will secure energy supply and jobs and result in substantial spin-offs and value for Norwegian society, the industry and the partnership behind the development,” says Nylund.

Johan Sverdrup is one of the biggest discoveries on the Norwegian continental shelf since the mid-1980s and ranks among the biggest developments in the years ahead.

Tags: Statoil




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