World of oil and gas ///

The plan for development and operation (PDO) for Johan Sverdrup field, phase one, has been approved by Norway’s Ministry of Petroleum and Energy. In addition, the associated plans for installation and operation (PIO) for transportation pipelines and power supply from shore were also approved. Johan Sverdrup will be developed in several phases. Phase one consists of four bridge-linked platforms, in addition to three subsea water injection templates. The ambition is a recovery rate of 70%, allowing for advanced technology for increased oil recovery in future phases. The phase one development will have a production capacity in the range of 315,000-380,000 bpd. First oil is planned for late 2019. The Johan Sverdrup partnership consists of Statoil (operator), Lundin Norway, Petoro, Det Norske Oljeselskap and Maersk Oil.

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