The start-up of the massive Johan Sverdrup oilfield sent Norway’s oil production rising to a nine-year high in December 2019, beating the authorities’ forecast by 12.7 percent, data from the Norwegian Petroleum Directorate (NPD) showed on Friday. In December 2019, the third month of operation of Equinor’s Johan Sverdrup oilfield in the North Sea, Norway’s oil production averaged 1.759 million barrels per day (bpd), the highest oil production offshore Norway since January 2011 . Norway’s oil production in December rose by 4.3 percent from November and jumped by 17 percent compared to December 2018. Despite the Johan Sverdrup start-up, the average oil production in Norway in full-2019 was expected to be at its lowest level in three decades, the NPD has estimated previously. But Johan Sverdrup’s development will help Norway boost its oil production over next few years. The huge oilfield in Norway’s North Sea is already producing 350,000 […]