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Equinor, partners greenlight $1.3 billion investment for Johan Sverdrup Phase 3

Equinor, partners greenlight $1.3 billion investment for Johan Sverdrup Phase 3

by Offshore Reporter | Jul 1, 2025 | Offshore

Equinor and Aker BP are investing NOK 13 billion (~$1.29 billion USD) in the third phase of Johan Sverdrup, one of the world’s most carbon-efficient oil fields. New subsea infrastructure will increase recovery by 40–50 million barrels of oil equivalent (boe).

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