Name of the Project
Johan Sverdrup oilfield development.

Location
Norwegian continental shelf (NCS), Norway.

Project Owner/s
Equinor 40.0267% (operator), Lundin Norway 22.6 %, Petoro 17.36%, AkerBP 11.5733% and og Maersk Oil 8.44%.

Project Description
Johan Sverdrup is one of the five largest oilfields on the Norwegian continental shelf. The project has estimated resources of between 2.1-billion and 3.1-billion barrels of oil equivalents. The project will be developed in two phases.

Phase 1 includes the development of utility and living quarters, and processing, drilling and riser platforms; three subsea installations for water injection; power from shore; and an export pipeline for oil (Mongstad) and gas (Kårstø). Phase 1 will have a production capacity of 400 000 bbl/d.

Phase 2 includes the development of another processing platform for the field centre and the Avaldsnes, Kvitsøy and Geitungen satellite areas, in addition to power from shore to the Utsira High by 2022. Phase 2 is expected to take production to 660 000 bbl/d, when production is at its peak. An area-wide solution for power from shore to the Utsira High area is an integrated part of the Phase 2 development, where another power converter will be installed on the new processing platform.

Potential Job Creation
According to Agenda Kaupang, the field can generate employment of more than 3 400 person-years during the operations phase and between 2015 and 2025 during the construction phase.

Johan Sverdrup could generate more than 150 000 person-years in Norway.

Project Owner/s
The first phase will start in November 2019.

Startup of the second phase is expected in the second quarter of 2022.

Planned Start/End Date
Phase 1 will cost an estimated NKr88-billion and Phase 2 NKr45-billion.

Latest Developments
KBR announced the sail-away of the Johan Sverdrup utilities and living quarters (ULQ) platform for Equinor (formerly Statoil) in March this year.

In 2015, KBR, in a joint venture with Kvaerner (K2JV), signed an engineering, procurement and construction (EPC) contract with Equinor for the complete delivery of the ULQ platform topsides in the Johan Sverdrup field development.

This is one of the largest ULQ platforms in the world and will also serve as the field centre for the Johan Sverdrup development.

Meanwhile, the plan for development and operation for the second phase was submitted to the Norwegian authorities in August 2018, and will be processed by the Storting (Norwegian Parliament) in the first half of 2019.

Key Contracts and Suppliers
Aibel (engineering, procurement and construction, or EPC, of the topside for the second Johan Sverdrup processing platform) and Aker Solutions-Kværner JV (EPC of a utility module for the riser platform, field-centre modifications, and installation and hook-up activities related to the Phase 2 development); Allseas (installation of the topsides for the processing platform and the utility and living quarters platform); Heerema Marine Contractors (installation of the two bridges and the flare stack); Aker Solutions (engineering and procurement for the processing platform); Samsung Heavy Industries (construction); K2JV (EPC of the utility and living quarters topside).

On Budget and on Time?
Too early to state.

Contact Details for Project Information
Statoil corporate affairs VP media relations Bård Glad Pedersen, tel +47 91801791 or email bgp@statoil.com.