Norway’s Equinor will raise crude production from its flagship Johan Sverdrup field to 500,000 b/d by year-end from 470,000 b/d, with the second phase of the project eventually taking production to 720,000 b/d, after recent testing of the facilities, the company said Nov. 18. In a statement, the state-controlled company also said first-phase production could rise above 500,000 b/d by mid-2021, thanks to increased water injection ahead of the startup of the second phase of the project in the fourth quarter 2022, which is now set to lift output to 720,000 b/d. Discovered in 2010 by Sweden’s Lundin, Johan Sverdrup is estimated to hold 2.2-3.2 billion barrels of oil equivalent in […]