Equinor Sees Sverdrup Oil Field’s Output Declining in 2026

Equinor ASA expects oil output from its Johan Sverdrup oil field, the largest source of European supply growth in the last decade, to fall this year.

Production will fall by between 10% and 20%, Chief Executive Officer Anders Opedal said at a media briefing on Wednesday. Exports from the field averaged 712,000 barrels a day last year, according to loading programs compiled by Bloomberg.