Norway: ConocoPhillips announces successful first oil production at Eldfisk North ahead of plan energy-pedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energy-pedia.com Daily Mail and Mail on Sunday newspapers.
The Eldfisk North Project comprises three 6-well subsea templates approximately 7 km from the Eldfisk Complex. The total resource potential is in the range of 50-90 MMboe, while total capital expenditure is estimated at almost $1.24 billion.
Europe’s pledge to reduce dependence on Russian oil and gas supply and additional sanctions on Putin’s regime over the war in Ukraine continued to dominate the European energy industry in May, while operators in Norway announced new projects and discoveries, and oil and gas majors signed more agreements to advance clean energy projects.
ConocoPhillips Skandinavia, operator of the Greater Ekofisk Area together with its license partners, has submitted a plan for development and operation (PDO) for the Eldfisk North Project to the Ministry of Petroleum and Energy.