To ensure optimal resource utilization, the project leveraged artificial intelligence to analyze field layouts and well paths. This technology has enabled faster decision-making and resulted in cost savings of $13 million (NOK 130 million) for the phase 3 project, Equinor said. The project also facilitates future value creation at Johan Sverdrup by adding extra well slots, and opportunities for connecting additional subsea templates. For the phase 3 project, TechnipFMC has been awarded the contract for engineering, procurement, construction, and installation (EPCI) for the subsea development, with a contract value of approximately $525 million (NOK 5.3 billion). Additional contracts, including platform modifications and the drilling of eight wells, are planned to be awarded later in 2025. Johan Sverdrup is located in the Utsira High area of the North Sea, 160 kilometers west of Stavanger, in water depths of 110–120 meters, covering an area of 200 square kilometers.