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  • In the middle of the North Sea revival of Norway's oil

  • industry, the biggest in western Europe, is under way.

  • This is the Johan Sverdrup field, the biggest discovery

  • in Norway for three decades.

  • And one which contains 2.7bn barrels of oil and could earn

  • this Scandinavian country $100bn over the next 50 years.

  • Norway first discovered oil in December 1969.

  • And now 50 years later, one of the biggest oil

  • fields in the North Sea for decades

  • is about to come online.

  • But it's about to produce its first oil at the same time

  • that there is an intense environmental debate about just

  • how long oil can be produced.

  • Could this be the last ever large field in the North Sea?

  • The four permanent interconnected platforms

  • are currently home to 500 workers.

  • And are expected to account for about a third

  • of Norway's total oil production.

  • Under pressure from environmentalists

  • and politicians, state controlled

  • group Equinor chose to use clean hydro-electricity from land

  • rather than the usual dirtier gas turbines to power

  • the platform.

  • The start of the Johan Sverdrup, the 5th of October,

  • was a milestone because it represented

  • the past 50 years and also the forward looking 50 years.

  • And Johan Sverdrup will represent a very important part

  • of the oil production on the Norwegian continental shelf

  • going forward from various perspectives.

  • The value perspective is of course, creating NKr900bn

  • to the Norwegian state alone.

  • And also from a climate perspective,

  • where we produce this oil and some gas

  • with a climate footprint of 0.67 kilos per produced

  • barrel, which if you compare to the global average of 18

  • kilos per barrel, it's pretty climate efficient I would say.

  • Many of Norway's biggest oil fields

  • are due to stop producing in the coming years.

  • And combined with pressure from environmentalists,

  • some wonder if this field could mark

  • the industry's last big hurrah.

  • The possibility of finding such a big field

  • as Johan Sverdrup is still there but you know the chances of it

  • is being a slimmer and slimmer as we move along.

  • I think for the NCS it's more about smaller resources.

  • We need to work really hard as an industry,

  • together with our suppliers, to be

  • able to be competitive and extract also those, the smaller

  • reservoir or smaller findings that we might see out

  • here going forward.

  • Yohan Sverdrup is not only vital for Equinor and its partners,

  • it's also a symbol for Norway and how

  • it's become one of the world's richest countries through oil.

  • But 50 years on from the initial discovery

  • of black gold, the questions about how the industry will get

  • through its next five decades in Norway are growing ever louder.

In the middle of the North Sea revival of Norway's oil

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