Statoil recommended as Johan Sverdrup operator

Statoil

Statoil reports that the Johan Sverdrup partners have agreed to recommend Statoil as operator for all phases of the field.

Their agreement will be included in the unit operating agreement (UOA), which is planned to be submitted to the authorities in February 2015 together with the plan for development and operation (PDO).

Statoil will cooperate closely with its partners in order to secure the best possible utilization of the resources on Johan Sverdrup. The goal is to achieve a recovery factor of at least 70% from the field.

The field development plan includes a field center that will carry out the most important functions while also allowing for the subsequent connection of various installations during the development’s different phases. This integrated solution will ensure efficient field development and operation.

Statoil’s plan is to establish a production organization for the field in Stavanger, while at the same time drawing upon the considerable expertise of its partners and the supplier industry.

The Johan Sverdrup field lies across several licenses, which are operated by Statoil and Lundin Petroleum. Other shareholders in the giant field include A.P. Moller-Maersk, Det Norske, and state holding firm Petoro.

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