At peak, the field will now produce 720,000 bbl/d, with plans to raise the threshold to 755,000 bbl/d, equivalent to up to 7% of Europe’s daily oil demand. The field’s estimated recoverable volumes are 2.7 Bboe.
The Phase 2 facilities comprise a fifth platform at the bridge-linked field center, five new subsea production systems, 28 wells, a new module for the existing riser platform, and equipment to relay power sent from shore to the Sverdrup complex to other producing fields in the area.
Sverdrup receives power via cables laid from Haugsneset north of Stavanger. The first cable supplies electricity to the first four platforms while the new cable is dedicated to the fifth platform and the other Utsira High installations.
Cumulatively, this arrangement cuts CO2 emissions by 1.2 MM metric tons per year, Equinor said.
Phase 2 costs NOK48 billion (US$4.93 billion) to develop. As with Phase 1, the oil is piped to Mongstad, while the gas heads through a separate pipeline system to Kårstø for delivery to mainland Europe.
The partners are Equinor Energy AS (42.6267% as operator), Aker BP (31.5733%), Petoro (17.36%) and TotalEnergies EP Norge AS (8.44%).