Johan Sverdrup Oil Arrives at Mongstad Plant



Johan Sverdrup Oil Arrives at Mongstad Plant
Oil from the giant Johan Sverdrup field in the North Sea has arrived at the Mongstad plant north of Bergen.

Equinor announced Monday that oil from the “giant” Johan Sverdrup field in the North Sea has arrived at the Mongstad plant north of Bergen.

The first Johan Sverdrup cargo is expected to leave for customers in Asia this week and will contain one million barrels with a market value of around $60 million, Equinor revealed. Future cargoes are expected to contain between 600,000 and two million barrels. 

“This is a great day for Equinor and the Johan Sverdrup partnership, consisting of Lundin Norway, Petoro, Aker BP and Total,” Irene Rummelhoff, executive vice president for marketing, midstream and processing (MMP) at Equinor, said in a company statement.

“First oil to Mongstad only a few days after production start confirms that the field is producing well. This day also marks the start of a new phase as we prepare to bring Johan Sverdrup oil to the international market,” Rummelhoff added.

Mongstad is expected to receive up to 440,000 barrels of oil per day from Johan Sverdrup when the first development phase reaches peak production. When the second phase is completed in 2022, Mongstad will receive up to 660,000 barrels of oil per day, Equinor noted.

The Johan Sverdrup field started production on October 5, Equinor revealed earlier this month. Output start-up occurred more than two months ahead of, and $4.3 billion (NOK 40 billion) below, original estimates, the company, which describes the field as “the North Sea giant”, highlighted.

To contact the author, email andreas.exarheas@rigzone.com



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