Johan Sverdrup – The North Sea giant
Stillasdagene Stavanger, 9. september 2015
Located at Utsira High
– 160 km west of Stavanger
2
Classification: Internal
2015-09-03
Johan Sverdrup
- the giant value creator
TOP 5
One of the
largest
oil fields ever
on the NCS
3
70 %
Ambition recovery
50 YRS.
170-220 bln.
51.000
Production
horizon
Investment estimate for
full field development**
Norwegian
man years
during
development
Johan Sverdrup
- long-term resource management
Establishment of field centre
and infrastructure
Investment phase 1
NOK 117 billion *
Estimated annual operating costs, phase 1
NOK 3-5 billion
Estimated production phase 1
315,000-380,000 boe/d
Start-up late 2019
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Future phases
- further development of Johan Sverdrup in its entirety
Johan Sverdrup is a multi-phase development
• Production from part areas
• Further development of field centre area
• Separate PDO
170-220 bln.
4-7 bln.
2022
550,000 + boe
Investment estimate for full
field development**
Estimated annual
operating costs for the
whole field
Expected startup, next phase
Plateau production for the
fully developed field:
550,000 – 650,000 boe
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Link til stortingsproposisjonen
6
Classification: Confidential
The Johan Sverdrup field affecting the Norwegian
industry, execution phase
Main contracts
Verdal
Equipment contracts
Trondheim
Sweden
Molde
Midsund
Ålesund
Mongstad
Frekhaug
Søreidgrend
Ågotnes
Godvik
Straume
Stord
Mollier
Flatøy
Bergen
Laksevåg
Nesttun
Seimsfoss
Onarheim
Sandvika
Hvalstad
Fornebu
Billingstad
Asker
Kongsberg
Horten
Lørenskog
Oslo
Langhus
Vestby
Moss
Råde
Haugesund
The Johan Sverdrup field
Kårstø
Sola
Randaberg
Stavanger
Røyneberg
Sandnes
Tananger Kleppe
Porsgrunn
Tvedestrand
Arendal
Øyestranda
Kristiansand
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Tjodalyng
Larvik
Bodø
Field development
– first building blocks
Construction work started at
Kværner Verdal
• 26 500 tonnes riser platform jacket,
biggest in Europe
• To be installed 2017
Pre-drilling template installed
• Pre-drilled wells ready for
production start-up
• Efficient utilisation of
production capacity
• Pre-drilling start from March 2016
8
Pioneering Spirit – to be used on 3 platform top sides
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JS DG3 | Phase 1 execution schedule
2015
DG3
2016
2017
PUD
2018
Tieback
2019
2020
DG4
ENG & PROC
Riser Platform (FC)
Process Platform (FC)
Drilling Platform (EPC)
Living Quarter (EPC)
T&I and Compl.
RP offshore HU
DP single lift
Off Compl.
SURF, POWER, EXPORT
DRILLING & WELL
Pre-drilling temp
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P1 single lift
LQ single lift
Building on 40 years of experience