When it was revealed that these discoveries constituted a single field, it was renamed Johan Sverdrup after the father of Norwegian parliamentarism.

In March 2012, after the signing of a pre-unit agreement between the different licensees, Statoil (now Equinor) was appointed working operator.

However, the field continuously exceeded such original expectations, and as in June 2021, a new peak increase from 720 to 755 thousand bpd was announced by Equinor for Phase 2.

The first stage of development Phase 1 will consist of four-platform field hub producing 440,000 barrels per day after startup in late 2019.

Supplying power from shore to run the oil platforms, instead of using local generation, this lowers CO2 emissions from the production by 85% (Or 14,33Kg).

[9] On February 13, 2015, Statoil announced it will proceed to develop the Johan Sverdrup field despite disagreements over ownership stakes with fellow Norwegian upstream Aker BP.

[10] Norway's crude oil production stood at 1.75 million barrels per day in February 2020, up 26% from a year ago thanks to the ramp-up of Johan Sverdrup oilfield.