Norway advances Johan Sverdrup Phase 4 to start production in 2029 with about 30 million barrels of oil equivalent

Norway is pushing ahead with a fourth development phase at the North Sea’s Johan Sverdrup oil field, with start-up expected in 2029 and about 30 million barrels of oil equivalent in preliminary resource estimates. The field produces about 755,000 barrels per day—roughly one-third of Norway’s output—and is one of Europe’s largest and most stable non-Russian crude supply sources. The project aims to slow the natural decline of a mature supergiant field and help support Europe’s oil supply security in the medium term. The article does not describe any direct operating or asset link to ConocoPhillips, which is mentioned without a substantive business connection.