The Johan Sverdrup oilfield in Norway, Western Europe’s biggest oilfield which came online in 2019, will likely reach peak production rates by late 2024, earlier than expected, Upstream reported on Tuesday. While this is bad news for Norway’s ambitions to continue strong oil production, Johan Sverdrup is now producing more than initial expectations and operator Equinor hasn’t changed the estimate of recoverable reserves of almost 3 billion barrels of oil equivalents, Upstream’s Norway Correspondent Russell Searancke…

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