ConocoPhillips and Partners to Invest $2 Billion in Norway's Greater Ekofisk Gas and Condensate Fields
ConocoPhillips and partners will invest approximately NOK 20 billion ($2.11 billion) to restart production at three fields in Greater Ekofisk by the end of 2028. The Previously Produced Fields (PPF) project targets Albuskjell, Vest Ekofisk, and Tommeliten Gamma, which were shut in 2019. The fields are estimated to contain 90 million-120 million barrels of oil equivalent in natural gas and condensate.
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ConocoPhillips and its partners plan to invest NOK 20 billion ($2.11 billion) to restart production at three fields in the Greater Ekofisk area by the end of 2028. The Previously Produced Fields (PPF) project targets late-life Albuskjell, Vest Ekofisk, and Tommeliten Gamma fields, which were shut in 2019.
ConocoPhillips estimates these fields contain 90 million-120 million barrels of oil equivalent in natural gas and condensate. ConocoPhillips holds a 35.1% stake in Albuskjell and Vest Ekofisk, and 28.3% in Tommeliten Gamma.
Other partners include Vaar Energi, Orlen Upstream, and Petoro. Gas production is expected to commence in the final quarter of 2028.
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