Equinor ASA Awaits Governmental Approval for Johan Sverdrup Phase 3 Development Project

Reuters

07/01

<a href="https://laohu8.com/S/EQNR">Equinor ASA</a> Awaits Governmental Approval for Johan Sverdrup Phase 3 Development Project

Equinor ASA has announced that the partnership behind the Johan Sverdrup phase 3 project has submitted a notification to the authorities in accordance with the existing plan for development and operation $(PDO)$. This notification is currently subject to governmental approval. The project aims to increase recoverable volumes from the field by 40-50 million barrels of oil equivalent, with production expected to commence in the fourth quarter of 2027. By leveraging the infrastructure from phases 1 and 2, the project is set to enhance recovery rates and contribute to stable energy supplies in Europe. The contract for the subsea development has been awarded to TechnipFMC, valued at approximately NOK 5.3 billion, with additional contracts expected to be awarded in 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Equinor ASA published the original content used to generate this news brief on July 01, 2025, and is solely responsible for the information contained therein.

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This notification is currently subject to governmental approval. The project aims to increase recoverable volumes from the field by 40-50 million barrels of oil equivalent, with production expected to commence in the fourth quarter of 2027. By leveraging the infrastructure from phases 1 and 2, the project is set to enhance recovery rates and contribute to stable energy supplies in Europe. The contract for the subsea development has been awarded to TechnipFMC, valued at approximately NOK 5.3 billion, with additional contracts expected to be awarded in 2025.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Equinor ASA published the original content used to generate this news brief on July 01, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0300736062.USD","symbol_name":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250701:nNDLbbYJFM:1","article_id":"2548262029","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548262029","pubTimestamp":1751346325,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Equinor ASA has announced that the partnership behind the Johan Sverdrup phase 3 project has submitted a notification to the authorities in accordance with the existing plan for development and operation . 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This notification is currently subject to governmental approval. The project aims to increase recoverable volumes from the field by 40-50 million barrels of oil equivalent, with production expected to commence in the fourth quarter of 2027. By leveraging the infrastructure from phases 1 and 2, the project is set to enhance recovery rates and contribute to stable energy supplies in Europe. The contract for the subsea development has been awarded to TechnipFMC, valued at approximately NOK 5.3 billion, with additional contracts expected to be awarded in 2025.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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