ConocoPhillips files plan for North Sea re-development

Oil major ConocoPhillips has submitted a Plan for Development and Operation (PDO) for a re-development of the Tor field in the Greater Ekofisk area in the North Sea to Norwegian authorities. 

State Secretary Rikard Gaarder Knutsen, ConocoPhillips’ Regional Director for Norway and Africa, Trond Erik Johansen, and Operations Director Jan-Arne Johansen (left) in Oslo on July 1, 2019. Photo: Margrete Løbben Hanssen / OED

The field was in production from 1978 until it was shut down in 2015 when the installation reached the end of its lifetime. At shutdown, just 20 per cent of the resources in place had been produced.

The Norwegian Petroleum Directorate (NPD) said on Monday that the field will be re-developed by installing two new subsea templates tied into the Ekofisk Complex. The recoverable reserves are estimated at 10 million standard cubic meters of oil equivalents (Sm3).

The plan is to re-start production in late 2020. The total investment costs for the re-development are estimated at NOK six billion ($701.7 million).

Norwegian State Secretary, Rikard Gaarder Knutsen, said: “It is very gratifying that a company has found a safe way to extract more values ​​from the Tor field. The Tor II project is an example of how active efforts and new solutions can create great values  from fields that have previously been produced.”

Norway’s Ministry of Petroleum and Energy said that the new development means that the Tor field will, overall, produce for more than 60 years.

The Tor field is located in the southern part of the North Sea, north-east of Ekofisk. The licensee group consists of ConocoPhillips Norge (30.66 per cent), Total E&P Norway (48.2 per cent), Vår Energi (10.82 per cent), Equinor (6.64 per cent) and Petoro (3.69 per cent).

Illustration: ConocoPhillips

Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.

Offshore Energy Today, established in 2010, is read by over 10,000 industry professionals daily. We had nearly 9 million page views in 2018, with 2.4 million new users. This makes us one of the world’s most attractive online platforms in the space of offshore oil and gas and allows our partners to get maximum exposure for their online campaigns. 

If you’re interested in showcasing your company, product or technology on Offshore Energy Today contact our marketing manager Mirza Duran for advertising options.

Share this article

Follow Offshore Energy Today

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Offshore Energy Exhibition and Conference (OEEC) 2020

Offshore Energy addresses the technical, operational and commercial challenges associated with future sector growth.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply