Oil & Gas

30 Mar 2020

Equinor Says Sverdrup Oilfield to Produce More, Faster than Expected

30 Mar 2020  by Energy.EconomicTimes   

Equinor's Johan Sverdrup oilfield is ramping up output at a faster pace and will produce at a higher rate than initially expected, the Norwegian energy firm said on Monday.

Western Europe's biggest producing oilfield is now expected to hit a daily output rate of 470,000 barrels in early May, above the 440,000 bpd peak that had initially been pencilled in for mid-year, operator Equinor added.

A second phase of the Sverdrup field development is still scheduled to come on stream in late 2022 with output of 220,000 bpd.


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