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Johan Sverdrup Phase 2 Production Expected in December

ENERGY

Norway's Johan Sverdrup oilfield is expected to start Phase 2 production in December according to Aker BP.

  • "Our previous guidance was based on Phase 2 starting in October. As this is no longer relevant, we have revised our guidance," said Chief Executive Karl Johnny Hersvik
  • Phase 2 is expected to increase the field's production capacity by 220kboe per day. The latest quarterly report revised oil and gas guidance down from 410-435k boepd to 410-420k boepd.

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