Equinor invests $1.2bn in Johan Sverdrup’s third phase to boost recovery
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 02 2025
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Source: Yahoo Finance
Investment Announcement: Equinor and its partners are investing Nkr13bn ($1.2bn) in the Johan Sverdrup Phase III project to enhance oil recovery by 40 to 50 million barrels, with production expected to start in Q4 2027.
Project Significance: This phase aims to increase the recovery rate to 75%, contributing significantly to Norway's oil output and supporting stable energy supplies to Europe while utilizing advanced technologies for efficient development.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
