Statoil Installs First Johan Sverdrup Platform
Norwegian producer Statoil has completed the riser platform for the Johan Sverdrup field, the first of four in the first phase of the project, it said April 26, the following day.
The platform handles all exports of oil and gas and will house the power converter, which will enable the field to be powered with renewable electricity from shore. "Not only will oil and gas worth more than Nkr 350mn ($44mn) pass daily through the platform at peak production, at $70/barrel and a production of 660,000 b/day, but power from shore will also make Johan Sverdrup one of the most carbon efficient fields on the Norwegian continental shelf. It was built by Samsung Heavy Industries in South Korea, based on the design and engineering of Norwegian contractor Aker Solutions.
With expected resources of between 2.1bn—3.1bn barrels of oil equivalents, it will also be one of the most important industrial projects in Norway in the next 50 years, operator Statoil said. Phase 1 is expected to start up in late 2019 with production capacity estimated at 440,000 b/d with a breakeven of about $15/b. Phase 2 is expected to start up in 2022, with full field production estimated at 660,000 b/d. Peak production on Johan Sverdrup will be equivalent to 25% of all Norwegian petroleum production, and the breakeven price is expected to be below $20/b.
The partners in the giant field are Statoil (40,0267%), Lundin (22.6%), Petoro (17.36%), AkerBP (11.5733%) and Total (8.44%).