Lundin: Close-to 70 percent of Johan Sverdrup will be finished this year

Nearly 70 percent of the giant Johan Sverdrup project is expected to be completed before the year is over, says Lundin Petroleum, a partner of Maersk and Statoil on the giant field. The Swedish oil company improved its results significantly in the first half of the year.

Photo: PR-foto: Statoil

Although first oil is not expected to be pumped from the underground until the end of 2019, development of the giant Norwegian field Johan Sverdrup has progressed big-time, says Swedish oil company Lundin Petroleum after publishing its quarterly report Wednesday.

According to Norwegian media DN Investor, Group CEO Alex Schneiter says that the oil company expects that almost 70 percent of the Johan Sverdrup project will be finished before the end of the year.

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