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.
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