Johan Sverdrup partners recommend Statoil as operator

Statoil ASA has been recommended by its partners as operator in all phases of Johan Sverdrup field, which lies on the Utsira High in the North Sea, 155 km due west of Stavanger.

The recommendation will be included in the unit operating agreement (UOA), planned for submission with the plan for development and operation (PDO) in February 2015.

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, Statoil says. The partnership is targeting a recovery factor of at least 70%.

In August, Kvaerner ASA and KBR Inc. agreed to establish a joint venture to competitively bid on offshore platform topsides contracts for Johan Sverdrup field development (OGJ Online, Aug. 15, 2014). Kvaerner in June signed a letter of intent with Statoil for delivery of two jackets to Johan Sverdrup (OGJ Online, June 26, 2014).

Statoil says it plans to establish a production organization for the field in Stavanger, while drawing upon the expertise of its partners and the supplier industry.

Johan Sverdrup encompasses PL 265, PL 501, PL501B, and PL502:

• Partners in PL 265 are operator Statoil with 40% interest, Petoro 30%, DNO ASA 20%, and Lundin Norway 10%.

• Partners in PL 501 and 501B are operator Lundin Norway 40%, Statoil 40%, and Maersk Oil 20%.

• Partners in PL 502 are operator Statoil 44.44%, Petoro 33.33%, DNO 22.22%.

Johan Sverdrup consists of 95% oil and 5% rich gas, with a resource estimate of 1.8-2.9 billion boe. Production is expected to start yearend 2019.