EnergyWatch

Lundin: Close-to 70 percent of Johan Sverdrup will be finished this year

Nearly 70 percent of the giant Johan Sverdrup project is expected to be completed before the year is over, says Lundin Petroleum, a partner of Maersk and Statoil on the giant field. The Swedish oil company improved its results significantly in the first half of the year.

Photo: PR-foto: Statoil

Although first oil is not expected to be pumped from the underground until the end of 2019, development of the giant Norwegian field Johan Sverdrup has progressed big-time, says Swedish oil company Lundin Petroleum after publishing its quarterly report Wednesday.

According to Norwegian media DN Investor, Group CEO Alex Schneiter says that the oil company expects that almost 70 percent of the Johan Sverdrup project will be finished before the end of the year.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted forced to delay coal phase out

The Danish authorities have ordered Ørsted to continue operations of one coal fired power plant and resume operations on two others until 2024. The utilty maintains aim of CO2-neutrality in 2025.

Further reading

Related articles

Latest News

See all jobs