As OPEC+ Cuts Deeper, Norway’s Giant New Field Pumps Flat Out
- August crude loadings from Johan Sverdrup seen at a record
- Norway planned oil output of 1.6 million barrels a day in June
The processing, drilling and production platforms stand on the Johan Sverdup oil field off the coast of Norway.
Photographer: Carina Johansen/BloombergThis article is for subscribers only.
As OPEC and its allies make their deepest cuts yet to crude production, Norway’s giant Johan Sverdrup oil field is exporting more than ever before.
Crude loadings from the field are set at a record 4.4 million barrels, or 465,000 barrels a day, in August, according to a loading program seen by Bloomberg. That’s compared with 429,000 barrels a day expected in July.