Norway's largest oilfield, Johan Sverdrup, is expected to come off its production peak by early 2025, according to operator Equinor.
Norway 's largest oilfield, Johan Sverdrup , is expected to come off its production peak by early 2025, according to operator Equinor. The field, a cornerstone of Norway 's oil output since it started production in 2019, hit a record daily production of over 756,000 barrels in September. This represents about 6-7% of Europe's daily oil consumption, making Johan Sverdrup a critical player in the region's energy supply.
Norway's oil industry has relied heavily on the Johan Sverdrup field, which produces around one-third of the country's oil. Norway remains committed to being a key energy supplier to Europe, with the field continuing to play a pivotal role. Still, the country will need more exploration and investment to maintain its oil and gas levels beyond 2030.
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