-- ConocoPhillips (COP) on Tuesday said it secured Norwegian government approval for a redevelopment project targeting up to 120 million barrels of oil equivalent.
Norway's Ministry of Energy cleared Plans for the Development and Operation for Previously Produced Fields Project, which will revive the Albuskjell, Vest Ekofisk, and Tommeliten Gamma assets in the Greater Ekofisk Area.
Through a subsea tie-back connected to the Ekofisk Complex, ConocoPhillips plans to return the previously shut-in producing fields to operation.
Four subsea templates and a shared pipeline system will support 11 new wells under the project. Recoverable resources are estimated between 90 mmboe and 120 mmboe.
First production is expected in Q4 2028, while the project will increase Norwegian gas supplies flowing into Europe.
By reusing existing infrastructure, the partners can unlock large volumes of resources at lower cost while strengthening gas exports from Norway into Europe, ConocoPhillips' Europe and North Africa President Steinar Vage said.
ConocoPhillips is the operator of the fields, along with a consortium of partners including Var Energi with a 52.3% stake in Albuskjell and Vest Ekofisk, while ConocoPhillips Skandinavia holds 35.1% and Orlen Upstream Norway controls 7.6%, with Petoro owning the remaining 5% stake.
In Tommeliten Gamma, Orlen Upstream Norway holds 62.6%, ConocoPhillips Skandinavia 28.3%, and Var Energi 9.1%.
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