Advertisement
Canada markets closed

  • S&P/TSX

    21,708.44
    +52.39 (+0.24%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • CAD/USD

    0.7259
    -0.0004 (-0.06%)
     

  • CRUDE OIL

    82.60
    -0.13 (-0.16%)
     

  • Bitcoin CAD

    86,845.29
    +2,825.12 (+3.36%)
     

  • CMC Crypto 200

    1,304.55
    +419.01 (+46.95%)
     

  • GOLD FUTURES

    2,388.80
    -9.20 (-0.38%)
     

  • RUSSELL 2000

    1,942.96
    -4.99 (-0.26%)
     

  • 10-Yr Bond

    4.6470
    +0.0620 (+1.35%)
     

  • NASDAQ futures

    17,450.50
    -96.75 (-0.55%)
     

  • VOLATILITY

    18.00
    -0.21 (-1.15%)
     

  • FTSE

    7,877.05
    +29.06 (+0.37%)
     

  • NIKKEI 225

    37,553.67
    -526.03 (-1.38%)
     

  • CAD/EUR

    0.6820
    -0.0001 (-0.01%)
     

Equinor sees Johan Sverdrup oil field output rising to 660,000 bpd by 2022

By Nidhi Verma
Updated
FILE PHOTO: An Equinor sign at the company's headquarters in Norway

By Nidhi Verma

SINGAPORE (Reuters) - Output from Equinor ASA's new Johan Sverdrup oil field in the North Sea will rise to 660,000 barrels per day (bpd) by 2022, from 440,000 bpd by early 2020, a company executive said on Monday.

Output from the field will start up in October and the company is in the process of issuing a sales tender for crude from the field this week, Equinor's Senior Vice President of Marketing and Trading Tor Martin Anfinnsen told reporters on the sidelines of the Asia Pacific Petroleum Conference.

The first cargo will be for 600,000 barrels and the tender will be issued on behalf of all stakeholders in the field, he said.

(This story corrects to show that field output will be 440,000 bpd by early 2020, not end of 2019, in first paragraph, after company corrected statement).

(Editing by Christian Schmollinger)