Norway's Oil Giant Sverdrup Set to Peak in 2025

Norway's largest oilfield, Johan Sverdrup, is expected to come off its production peak by early 2025, according to operator Equinor. The field, a cornerstone of Norway's oil output since it started production in 2019, hit a record daily production of over 756,000 barrels in September. This represents about 6-7% of Europe's daily oil consumption, making Johan Sverdrup a critical player in the region's energy supply. Since its inception, the field has produced a billion barrels of oil, and Equinor expects it to remain an essential resource for years....