Equinor Invests $1.3 Billion to Expand Europe’s Biggest Oilfield

Equinor Invests $1.3 Billion to Expand Europe’s Biggest Oilfield

Equinor and its partners have decided to invest $1.3 billion (13 billion Norwegian crowns) in the Phase 3 expansion of the Johan Sverdrup oilfield in the North Sea, Western Europe’s biggest oil-producing field. The Phase 3 development plan includes two new subsea templates, which will be tied into existing infrastructure via new pipelines. The investment will increase recoverable volumes from the field by 40–50 million barrels of oil equivalent …

Equinor invests $1.2bn in Johan Sverdrup's third phase to boost recovery

Equinor has announced a Nkr13bn ($1.2bn) investment for the Johan Sverdrup phase three project in the Norwegian North Sea

Equinor, Partners to Invest $1.3bn in Johan Sverdrup Oilfield Expansion in North Sea

Equinor, Partners Approve $1.3 billion Johan Sverdrup Oilfield Expansion - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – Norway’s Equinor and its partners have approved a 13 billion Norwegian crown ($1.29 billion) investment for the expansion of Johan Sverdrup, western Europe’s largest producing oilfield, the company said on Tuesday. The project is expected to increase recoverable volumes from the field by between 40 million and 50 million barrels of oil equivalent, Equinor ...

Equinor Invests $1.3 Billion to Expand Europe’s Biggest Oilfield – The Johan Sverdrup Oilfield

By Tsvetana Paraskova for Oilprice.com | Equinor and its partners have decided to invest $1.3 billion (13 billion Norwegian crowns) in the Phase 3 expansion of the Johan Sverdrup oilfield in the North Sea, Western Europe’s biggest oil-producing field. The Phase 3 development plan includes two new subsea templates, which will be tied into existing infrastructure via new pipelines. The investment will increase recoverable volumes from the field by…

Equinor Approves Johan Sverdrup Phase 3 in Norwegian North Sea

Equinor and its partners agreed on a NOK-13 billion investment to proceed with the third phase of Johan Sverdrup to increase recoverable volumes from the N...