Oil & Gas

12 Nov 2021

Norway’s Johan Sverdrup to Restart After Power Glitch

12 Nov 2021  by   

Norway's state-controlled Equinor is working to restart production from the giant Johan Sverdrup oil field in the North Sea after it was shut down earlier today because of a power supply issue.

The power issue was notified at noon local time. Restarting production may take a few hours, Equinor said.

Production from Johan Sverdrup has topped 500,000 b/d every month this year, except for July when it averaged just over 470,000 b/d.

Crude from the field is exported from Norway's Mongstad terminal, alongside supplies of North Sea benchmark grade Troll. Johan Sverdrup exports are scheduled at 550,000 b/d this month and 535,000 b/d next month, according to preliminary loading programmes. The grade has been popular with refiners in Asia-Pacific since the field came on stream in 2019.

Equinor operates Johan Sverdrup with a 42.6pc stake. Its partners are Swedish firm Lundin Energy with 20pc, Norway's state-owned oil and gas holding company Petoro with 17.36pc, Norwegian independent Aker BP with 11.57pc and TotalEnergies with 8.44pc.

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