STAVANGER, Norway -- ConocoPhillips Norge has submitted a plan for further development of the Ekofisk and Eldfisk fields in the North Sea.
The program, approved recently by the partners in the PL 018 Ekofisk license (Total, ENI, Statoil, and Petoro), calls for construction of new platforms and more than 80 new wells.
The Ekofisk South and Eldfisk II projects are designed to lift recovery rates for Ekofisk from 49.5 to 52% and Eldfisk from 22 to 28.5%. These are the largest fields in the Greater Ekofisk Area in the southern North Sea, around 300 km (186 mi) offshore, and have been in production since 1971 and 1979.
Norway’s Minister of petroleum and Energy said: “I’m pleased to have received new development plans for the Ekofisk area. The plans lay the foundation for another 40 years of production and great value creation from this important area.”
Ekofisk South project involves building a new wellhead platform, a new seabed water injection facility, and the drilling of 44 new wells. Eldfisk II involves upgrading existing facilities, and construction of new living quarters, a new processing facility, and drilling of 42 new wells.
ConocoPhillips Norge President Steinar Våge said: “The company and the other licensees are preparing to invest NOK65 billion [$11.7 billion] through [these] projects…over the next few years. The goal is to increase the recovery rate significantly.”
Våge added that he hoped to receive final approval from Norway’s parliament (Storting), allowing construction to start this fall. The platforms should come into service during the period 2013-2015.
Ekofisk area in line for further development