Equinor weighs Phase 3 Sverdrup oil development as Phase 2 nears startup

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Norway’s Equinor is considering a third development phase for the giant Johan Sverdrup field as the second phase nears startup in the fourth quarter, the company’s executive vice president for the Norwegian upstream, Kjetil Hove, said Aug. 30. Speaking to journalists at the ONS conference, Hove confirmed Phase 2 is on track; output capacity is expected to rise to 755,000…