?? 2024 was a record year for Johan Sverdrup. In its fifth year of operation, the field produced a total of 260 million barrels of oil – a new record among Norwegian fields. ?? Since its inception, the field has produced over one billion barrels of oil. Initially, large quantities were exported to Asia, but due to an increased need for secure energy in Europe, much has been redirected. Today, approximately 90% of the oil is sent to the European market, and as one of the region’s largest energy suppliers, Norway and Johan Sverdrup contribute to fundamental energy security, preparedness, and defense. The record production from Johan Sverdrup also helps generate jobs and positive ripple effects throughout the country – 97% of all deliveries were made by Norwegian suppliers in 2023. With reserves of 2.7 billion barrels of oil, production is expected to continue for many years to come. ?? Since Johan Sverdrup is electrified, the CO? emissions per barrel over the field’s lifetime will be only 0.67 kg – approximately 95% lower than the global average of 15 kg CO? per barrel. The high production levels from 2024 is expected to be maintained through 2025, and at its plateau the field accounts for nearly 40% of total oil production on the NCS. Well done to everyone involved!
Securing Europe's energy needs while maintaining low emissions is a remarkable achievement. The combination of electrification and sustained output reinforces energy security and sustainability.
With our deepening knowledge of crude oil, we can revolutionize efficiency across storage, production, and transportation. By optimizing these processes, we enhance sustainability, reduce costs, and drive innovation in the energy sector
Crude oil is more than just fuel—it’s a powerhouse of opportunity. By leveraging advanced refining, enhanced recovery, and high-value byproducts, we can unlock greater profitability from every barrel
Proud to have been involved
Congratulations, I wish you continued success.
Very informative Equinor It would be appreciated if explain more about how to reduce carbon emissions through the mentioned method. In fact, how and in which sectors was electrification carried out?
I’m proud to have been a part of this project as one of the first workers offshore in 2018. To watch it tranform from bare bones to fully operational was amazing. Lots of good memories. Good luck and keep up the good work!
Global Energy, Mining, and Real Estate Expert - Specialist in Energy, Mining, and Real Estate Law, Finance, and Investments - Top-performing Trader - Highly experienced General Manager at BP and Anglo American/De Beers
1 周Equinor's Johan Sverdrup field has set a benchmark in the energy sector with its record-breaking performance in 2024. Producing a remarkable 260 million barrels of oil in its fifth year of operation, Johan Sverdrup has become a cornerstone of Norway's energy supply. The field's contribution to European energy security, with 90% of its oil now directed to the European market, underscores its strategic importance. The field's electrification, resulting in CO? emissions of just 0.67 kg per barrel, highlights Equinor's commitment to sustainable energy production. This is approximately 95% lower than the global average, making Johan Sverdrup one of the world's most environmentally friendly oil fields. The positive ripple effects of this achievement extend beyond energy production. With 97% of deliveries made by Norwegian suppliers in 2023, the field has generated significant employment and economic benefits throughout the country. As production continues, with reserves of 2.7 billion barrels of oil, Johan Sverdrup is poised to maintain its high output levels through 2025 and beyond. Kudos to Equinor and everyone involved in this remarkable journey. Your dedication to innovation and sustainability is truly commendable.