ConocoPhillips Files Plan to Develop North Sea Greater Ekofisk Gas Fields
ConocoPhillips has submitted development and production plans for new gas fields in the Greater Ekofisk Area of the North Sea, targeting regulatory approval from Norway to expand its offshore gas portfolio. This step could increase its annual gas output and extend field life pending permit grants.
1. Development Plan Submission
ConocoPhillips has submitted development plans to Norway’s Petroleum Directorate for new gas fields in the Greater Ekofisk Area, advancing tie-back projects to existing platforms and outlining technical designs, cost estimates and environmental impact assessments required for regulatory review.
2. Production Outlook and Investment
Pending government approval, the proposed developments could add incremental gas production to ConocoPhillips’ North Sea output, involve multibillion-dollar capital expenditure over the next five years and extend the operating life of Ekofisk infrastructure.