TotalEnergies, ConocoPhillips reach first oil at Norway project
Norway
STAVANGER, May 8, 2024 – TotalEnergies and ConocoPhillips have reached first oil production at the North Sea’s USD 1.2-billion Eldfisk North Project, located off Norway in the Greater Ekofisk Area, TotalEnergies said on Wednesday.
The project, situated in the PL018 licence, is operated by ConocoPhillips with a 35.112% stake, working alongside TotalEnergies, which holds 39.896%, Vår Energi (12.388%), Sval Energi (7.604%) and Petoro AS (5%).
The project was brought on line weeks ahead of schedule, according to ConocoPhillips Norway. Its development plan – which envirioned the drilling of up to 14 wells – was approved by Norwegian officials in December 2022.
The Eldfisk North Project holds a resource potential of 50 million-90 million boe. It is located around 7 kilometres from the Eldfisk Complex.
The project is expected to produce 15,000 boepd at peak.
Photo of the Eldfisk Complex courtesy of ConocoPhillips.
More content from Norway
Latest news and features
