Increasing value of Johan Sverdrup

“Johan Sverdrup is a world-class project and continues to deliver. There is high quality in project execution, the costs are decreasing, and the resource estimate goes up. Johan Sverdrup is now even more robust and valuable for both the partners and society. This is a result of good cooperation between Statoil, our partners and suppliers,” says Margareth Øvrum, executive vice president for Technology, Projects & Drilling in Statoil. “Johan Sverdrup is also benefiting from the drilling and well improvement programme in Statoil. We’ve drilled more wells than planned, more than one year ahead of plan, which has contributed greatly to cost reductions in the project. The wells also make our production plans even more robust and have improved our knowledge of the reservoir. Based on this, we are now able to increase the resource estimate for Johan Sverdrup further,” continues Øvrum. Source / Further information : Statoil oilandgasOil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook]]>

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