Western Europe’s Biggest Oilfield Set To Increase Production

The giant Johan Sverdrup oilfield in Norway’s North Sea is expected to increase its oil production this quarter after the Norwegian government raised the Q4 production permits for Western Europe’s biggest producing field, a minority partner in the project, Lundin Energy, said on Friday. In its Q3 results release, Lundin, which holds 20 percent in the oilfield operated by Equinor, said that permitted production under the government-mandated production cuts were raised for the Johan Sverdrup, Edvard Grieg, and Alvheim fields, after some…