Norway’s state-controlled Equinor on Monday raised the expected ‘plateau production’ target for the first phase of its Johan Sverdrup field to 470,000 b/d, from 440,000 b/d previously, and said it should achieve that level in early-May.  In a statement, Equinor said the 2.7-billion-barrel field, which started producing in October and is the largest field to come on stream in the North Sea in decades, was performing better than expected, with the 10th production well nearing completion. It said it would increase the capacity of the facilities accordingly. It raised the expected plateau production target for phase 2 of the project, due on stream in the fourth quarter of 2022, to […]