ConocoPhillips files plan for $1.5bn North Sea field
ConocoPhillips has filed a plan with Norwegian authorities to develop the $1.5bn Tommeliten A gas and condensate field, the US operator announced on November 8, estimating its reserves at 80-180mn barrels of oil equivalent.
The field, which straddles the boundary between Norwegian and UK waters, will be developed using a two-by-six slot subsea production system with ten production wells and an electrically heated flowline, tied to the Ekofisk complex some 25 km to the northeast.
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ConocoPhillips said many of the contracts would be awarded to companies in Norway, which has jurisdiction over the project. The cost of developing the field is projected at 13bn kroner ($1.5bn).
"The field development will unlock production of new resources in the area and further strengthen the Ekofisk legacy and future," ConocoPhillips' president for Europe, Middle East and North Africa.
ConocoPhillips operates the Tommeliten A field with a 28.1% interest, while other partners include PGNiG, TotalEnergies, Var Energi and Eni.
Tommeliten A was discovered in 1977. The fractured chalk field consists of an Ekofisk formation and a Tor formation, similar to other deposits in the Greater Ekofisk area.
Equinor used to be a major shareholder in Tommeliten A but divested its 42.4% interest to PGNiG in October 2018. Commenting. PGNiG CEO Pawel Majewski said the field's development would "translate into a substantial increase in gas production" for the company in Norway.