The Johan Sverdrup field is in production. Equinor is the operator. Halvorsen is among the partners.

Johan Sverdrup is the largest development on the Norwegian shelf since the 1980s. The field will be the third largest on the Norwegian shelf. When the second phase comes on stream in 2022, peak production will be a massive 660,000 barrels of oil per day. This amounts to around a third of all oil production on the Norwegian shelf.

The Johan Sverdrup field receives power from shore. CO2 emissions from oil and gas production are estimated at under one kilo of CO2 per barrel. The international average is 18 kilos of CO2 per barrel.

- Oil from Johan Sverdrup is expected to generate revenues of more than NOK 1,400 billion over the next 50 years, of which more than NOK 900 billion will go to the Norwegian state and society. Mongstad plays an important role in realising these values. Johan Sverdrup simultaneously provides increased activity at the facility and new opportunities for the future, says Irene Rummelhoff, executive vice president for Marketing, Midstream and Processing in Equinor, in a press release.

To mark the offshore giant's entry into production, Equinor invited all its partners and local communities in Norway who have been part of the «adventure» to a cake party.

Facts about Johan Sverdrup:
• The third-largest oil field on the Norwegian continental shelf (2.7 billion barrels of oil equivalents in expected resources).
• Maximum production after the second construction phase is operational at a full 660,000 barrels of oil per day. This accounts for approximately 1/3 of all oil production on the Norwegian shelf.
The break-even price for the entire field development is under $20 per barrel
• Being developed in two phases. Phase 1 was approved by the Norwegian authorities in 2015, and production started in October 2019. Phase 2 of the development was approved in 2019, and is expected to come into production in Q4 2022.
• Operated by Equinor (operator), Lundin Norway, Petoro, Aker BP and Total.