• 4 minutes Natural gas is crushing wind and solar power
  • 7 minutes OPEC and Russia could discuss emergency cuts
  • 10 minutes Peak Shale Will Send Oil Prices Sky High
  • 13 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 24 mins WTI are we seeing the perfect storm
  • 9 hours "Criticism of migration will become a criminal offense.  And media outlets that give room to criticism of migration, can be shut down." - EU Official to the Media.
  • 14 hours Cheap natural gas is making it very hard to go green
  • 51 mins On Venezuela
  • 2 hours CCP holding back virus data . . . . . . Spanish Flu 1918 MUTATED, Came back in 3 waves, Lasted 14 months and killed upward 5% World population
  • 19 hours Oil and gas producers fire back at Democratic presidential candidates.
  • 4 hours I Love Hills
  • 21 hours Saudi Aramco launches largest shale gas development outside U.S.
  • 18 hours Investments worthy in versatile and clean natural gas
  • 1 day Is Pete Buttigieg emerging as the most likely challenger to Trump?
  • 1 day CDC covid19 coverup?

Huge New Field Sends Norway’s Oil Production To 9-Year-High

Johan Sverdrup

The start-up of the massive Johan Sverdrup oilfield sent Norway’s oil production rising to a nine-year high in December 2019, beating the authorities’ forecast by 12.7 percent, data from the Norwegian Petroleum Directorate (NPD) showed on Friday.  

In December 2019, the third month of operation of Equinor’s Johan Sverdrup oilfield in the North Sea, Norway’s oil production averaged 1.759 million barrels per day (bpd), the highest oil production offshore Norway since January 2011.

Norway’s oil production in December rose by 4.3 percent from November and jumped by 17 percent compared to December 2018.

Despite the Johan Sverdrup start-up, the average oil production in Norway in full-2019 was expected to be at its lowest level in three decades, the NPD has estimated previously.

But Johan Sverdrup’s development will help Norway boost its oil production over next few years.

The huge oilfield in Norway’s North Sea is already producing 350,000 barrels of oil per day, two months after coming on stream, a senior executive at Equinor told Reuters early last month.

Daily oil production during the first phase of the Johan Sverdrup development is estimated at 440,000 bpd and is expected to be reached by the middle of this year. Peak production with the second development phase is expected to reach 660,000 bpd. At peak production, Johan Sverdrup will account for around a third of Norway’s crude oil production, operator Equinor says.

Norway’s oil production is expected to jump in 2020 through 2023, thanks to the start up of Johan Sverdrup, which began pumping oil in early October 2019. But after Johan Sverdrup and after Johan Castberg in the Barents Sea scheduled for first oil in 2022, Norway doesn’t have major oil discoveries and projects to sustain its oil production after the middle of the 2020s.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage


Leave a comment
  • Mamdouh Salameh on January 18 2020 said:
    Norway’s crude oil production in 2019 averaged 1.759 million barrels a day (mbd) even with contribution from Equinor’s Johan Sverdrup. This is 5% less than production of 1.844 mbd in 2018.

    This means that your title saying ‘New field sends Norway’s oil production to 9-year high’ is inaccurate, misleading and unprofessional.

    Norway’s production has been declining at an average 2.5% since 2008 from 2.458 mbd to 1.759 mbd in 2019 according to the 2019 BP Statistical Review of World Energy.

    However, Johan Sverdrup’s development will help slow down the continuous decline in Norway’s production over the next few years.

    Dr Mamdouh G Salameh
    International Oil Economist
    Visiting Professor of Energy Economics at ESCP Europe Business School, London

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News