TANANGER, Norway – ConocoPhillips Norge has commemorated the 50th anniversary since the award of production license 018 (PL018) in the southern Norwegian Sea.
The concession, secured by Phillips Petroleum under Norway’s first offshore licensing round, contains Ekofisk, which was the country’s first commercial oil find when discovered on block 2/4 in December 1969.
As part of ConocoPhillips’ latest program to prolong production from the Greater Ekofisk Area, three new platforms have been constructed, the infrastructure has been updated and new wells are being drilled.
Ekofisk entered production on June 9, 1971, and remains among the biggest producers of all fields in service offshore Norway. The other three producers in the Greater Ekofisk Area are Eldfisk, Embla, and Tor.
In its early years Ekofisk produced to buoy loaders, and the oil has been transported by pipeline to Teesside in northeast England since October 1975.
The first licensing round, comprising 278 blocks remains Norway’s largest ever, and followed agreement with the UK and Denmark on demarcation of the North Sea and the government’s devising of regulations for “exploring and exploiting subsea petroleum deposits on the Norwegian part of the continental shelf.”
The application deadline was in June 1965, and awards followed two months later.
Phillips Petroleum had signalled interest in the Norwegian shelf in 1962, and registered the subsidiary Phillips Petroleum Norsk two years later in the Oslo Business Register.
The current production licence for PL018 is valid until 2028. ConocoPhillips has a 35.11% operating interest.
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