Statoil’s Johan Sverdrup has received the official green light for phase one of its plan for development and operation (PDO) by the Norwegian Ministry of Petroleum and Energy.
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Johan Sverdrup field center. Image from Statoil. |
Johan Sverdrup is located on the Utsira High in the North Sea, about 155km west of Stavanger at 110-120m water depth. The area covers approximately 200sq km, and the reservoir lies at around 1900m.
Phase one of the multi-phase project consists of four bridge-linked platforms, three subsea water injection templates, a field center, wells, oil and gas export solutions, and power from shore. The authorities also approved associated plans for the installation and operation (PIO) for transportation pipelines and power supply from shore.
Daily production from phase one is estimated at 315,000-380,000 b/d. Full production is estimated at 550,000-650,000 boe/d, which will account for about 40% of total Norwegian Continental Shelf oil production. The ambition is a recovery rate of 70%, allowing for advanced technology for increased oil recovery (IOR) in future phases. First oil is planned for late 2019.
“We are on schedule in the Johan Sverdrup development. The project activities will now be stepped up, and more contracts will be awarded in the autumn,” Øivind Reinertsen, senior vice president for Johan Sverdrup said.
According to Statoil, more than US$4.8 million (NOK 40 billion) of contracts have been awarded in the development of Johan Sverdrup, of which 75% of those are suppliers in Norway. As of 2015, investment costs for full field development are estimated to be in the region of $22.3-28.9 billion, with recoverable resources of between 1.7 and 3.0 billion boe.
Last week, Heerema Marine Contractors’ crane vessel Thialf completed the installation of the 280-tonne pre-drilling template, which measures in at 32m-long and10m-high, in the North Sea. It also contains eight well slots to allow production wells to be pre-drilled before the drilling platform is installed in 2018.
In addition, construction of the first jacket has started at Kværner Verdal, Statoil said.
The Johan Sverdrup partnership consists of Statoil, Lundin Norway, Petoro, Det norske oljeselskap and Maersk Oil. The partnership has recommended Statoil as the operator of all field phases.
Read more:
Johan Sverdrup pre-drilling template installed
Baker Hughes inks Johan Sverdrup drilling gig
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