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Sverdrup keeps on giving
Equinor and its partners at Norway’s largest oilfield have pulled the trigger on a fresh $1.3b investment that will maintain high output for longer
Equinor hones its ‘high-grade’ global portfolio
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
Equinor streamlines its offshore strategy
Exploration is providing mixed fortunes for IOCs amid higher costs, prompting firms to look towards M&A and safer plays
Norwegian North Sea proving resilient
Low carbon intensity and sizeable projects such as Johan Castberg coming onstream in late 2024 suggest a robust outlook at least until 2030
North Sea production to see minor boost
Taxation strategies in UK and Norway to continue to play important role for a region in which significant volumes of medium sour have offset the loss of similar quality Russian barrels and balanced the influx of US light sweet grades
Longboat splits attention between Norway and Malaysia
CEO Helge Hammer speaks to Petroleum Economist about the company’s recent activities and its expansion plans
Wintershall eyes Algeria in post-Russia reboot
The German producer is focusing on the North African country as it looks to strengthen its gas portfolio following its exit from Russia, COO Dawn Summers says in an interview with Petroleum Economist
Core areas key for Norwegian APA awards
The winners of new NCS acreage stress synergies with existing portfolios
Norway’s end-2022 PDO race heats up
The number of projects benefitting from tax breaks is set to top 20
Norway ends gas year at four-year high
A September dip fails to dent highest output since 2018
Johan Sverdrup's second phase is set to start later in Q4
Norway Equinor
Peter Ramsay
7 November 2022
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Norwegian oil output awaits Sverdrup boost

Liquids production continues to trend lower ahead of Q4 Phase 2 startup

Norway’s oil production fell year-on-year for the 11th consecutive month in September, as the output growth trend driven by the ramp-up of the Johan Sverdrup field from late 2019 to the middle of 2021 continued to reverse. But the field’s second phase is set to start later in the fourth quarter, which could see Norwegian continental shelf (NCS) liquids production heading north again. Production of crude, condensate and NGLs averaged 1.84mn bl/d in September, down by 8pc month-on-month from 2mn bl/d in August and by just under 10pc year-on-year from 2.04mn bl/d in September 2021 (see Fig.1).   Year-on-production has now fallen every mon

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