Finance News

Digital Technologies Boost Earnings at Johan Sverdrup

One year after the field came on stream digital solutions are key to maintaining high safety standards and value creation in all parts of the operations at Johan Sverdrup. This has increased earnings by more than NOK two billion.

Digital solutions help increase subsurface understanding, ensure more efficient start-up of wells, higher stable production and more efficient maintenance.

“Our experience shows that digital tools have a positive effect on value creation on the Johan Sverdrup field, while helping improve the workday for people offshore and in the onshore organization. The use of digital tools provides a better overview of the situation, which in turn contributes to increased safety during daily work offshore and onshore. We accomplish more in a safer and smarter way,” says Rune Nedregaard, vice president for Johan Sverdrup operations.

DigitalTechImage2In the first year on stream Johan Sverdrup has produced some 130 million barrels of oil. (Photo: Ole Jørgen Bratland)

The increased earnings are mainly a result of:

  • Higher stable production by means of automated production optimization.
  • Improved accuracy in the reservoir by means of broader and more complex data sets, providing us with more information about the reservoir.
  • More efficient operations and maintenance by means of the solutions for the digital field worker where the operators use tablets in their daily work and the digital twin, which is a virtual copy of the platform.

Collaboration with the integrated operations center onshore is vital to optimize production and de-bottleneck processes. This can reduce unscheduled downtime, and improve maintenance and energy utilization.

At Sverdrup a number of other digital initiatives are also being tested out, such as robots over and under water, machine learning and the use of 3D printing technology.

This year we upscale the use of digital solutions both in Norway and internationally. Many of our employees onshore and offshore will see that data-driven decision-making, portable units and personalized applications become part of everyday life and contribute to a simpler, safer and more efficient workday.

“For Equinor this is about continuously improving by getting increased access to relevant information and efficient use of digital technologies. This will contribute to stronger collaboration across organizational units and with our partners, and more frequent sharing of best practice,” says Torbjørn Folgerø, chief digital officer at Equinor.

Offshore Source Logo

Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.

Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.

Corporate Offices

Technology Systems Corporation
8502 SW Kansas Ave
Stuart, FL 34997

Phone: +1 772.221.7720