Norway’s giant Johan Sverdrup oil field is producing at rates “well above” 300,000 b/d, state-controlled Equinor said Tuesday, as official data showed the country’s oil output starting to recover. In emailed comments, Equinor said all eight of the production wells drilled before the 2.7 billion barrel field started producing on October 5 were now on stream, ahead of schedule. The field is due to reach its first-phase production capacity of 440,000 b/d next summer, but Tuesday’s statement implied it was getting close to that level already. A loading schedule seen by S&P Global Platts suggested loading volumes will average nearly 400,000 b/d in December. By the end of this year, Equinor intends to start drilling another 2-4 wells from a new fixed drilling platform, enabling the increase to the first-phase capacity, the company said last month. Johan Sverdrup, a surprise giant discovery made in the heart of the […]