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Model of Johan Sverdrup phase 2

Johan Sverdrup phase 2: A new milestone for Norway's largest industrial project

- This is an important day for Norway. The Sverdrup project is by far Norway's largest industrial project, and is estimated to generate more than NOK 900 billion in future revenues to the state. The development has been of great importance during a tough period for the oil service industry. It provides jobs and ripple effects throughout the country. Phase 1 and 2 combined can create up to 150.000 man-years in the period to 2025, says Minister of Petroleum and Energy, Mr. Terje Søviknes.