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Maersk Oil entered Norway in 2004. By early 2015, it now holds 19 licences, five of which it operates. Maersk Oil is partner in the Johan Sverdrup project, one of Norway’s largest discoveries ever.
The field has a resource estimate between 1.7 – 3.0 billion barrels of oil equivalent. In February 2015 the five Johan Sverdrup partners submitted the Plan for Development and Production for the first phase to the Norwegian authorities.
2016: Production drilling activities begin early March and construction of the platform has started.2015: Maersk Oil has 8.44% interest in the Johan Sverdrup field following unitisation ruling from the Norwegian authorities.
2015: Plan for Development and Operation for Johan Sverdrup’s first phase is submitted.2014: The concept for first phase for Johan Sverdrup is selected.
2010: Operator RWE-Dea makes the Zidane gas discovery.
2010: Acquisition of 20% interest in PL435.
2010: Drilling leads to the Avaldsnes discovery which now forms part of the giant Johan Sverdrup field. A plan for development and operations (PDO) is planned to be submitted in early 2015. First oil is expected at the end of 2019.
2009: Awarded 20% interest in the PL501 licence operated by Lundin Petroleum AS.
• With presence in the three sectors of the North Sea – Norway, the UK and Denmark, Maersk Oil is uniquely positioned to take advantage of its cross-border knowledge and experience.
• As the only non-operating partner with experience in managing large-scale projects, Maersk Oil is in a strong position to support the development of the Johan Sverdrup field. In addition, Maersk Oil has 40 years’ experience of shallow-water jacket-based development, knowledge which will be central to the success of the Johan Sverdrup project.
The giant Johan Sverdrup discovery, one of Norway’s largest ever discoveries, was a positive surprise to many geologists around the world. The field is located in the area in which the first licence on the Norwegian Continental Shelf was awarded (PL001) in 1965 and, after several dry wells were drilled in the 1960s and 70s, was considered to have no exploration potential. Many thought it was impossible for oil to migrate to this area; however they were proved wrong.
Link to The Source feature 'Johan Sverdrup's Reservoir Secrets'