Det norske oljeselskap and the partners in the Johan Sverdrup development signed on February 12 the plan for development and operation (PDO) for Johan Sverdrup, phase one, Europe’s largest offshore development. Yesterday Oslo’s Ministry of Petroleum and Energy approved the development plan. In addition to the PDO itself, a plan for installation and operation for oil and gas export pipelines (PIO) and a plan for developing power supply from shore (PIO) was also approved.
“Johan Sverdrup is an exceptional project that denotes optimism for the Norwegian shelf. Today’s approval marks the official start-up of the development and is a historical day within the oil and gas sector in Norway,” said Det norske’s ceo Karl Johnny Hersvik.
Phase one consists of four bridge-linked platforms, in addition to three subsea water injection templates with first oil planned for late 2019. Fully developed, the field can produce 550,000 to 650,000 barrels of oil equivalent per day.