TANANGER, Norway – The Norwegian Ministry of Petroleum and Energy (MPE) has extended the production licenses in the Greater Ekofisk Area of the southern North Sea from 2028 to 2048.
According to operator ConocoPhillips Skandinavia, the license extension supports the company’s long-term perspective on the Norwegian continental shelf.
“Extended licenses in the Greater Ekofisk Area will contribute to sustainable and long-term investments, which again provides continued value creation, jobs and ripple effects,” said Steinar Våge, president of ConocoPhillips Europe, Middle East and North Africa. “In addition, it ensures future energy supply security from the oil and gas province in the southwestern part of the North Sea.”
The extensions to PLs 018, 018 B and 275 show the government acknowledges significant remaining potential for resource development and new projects in the Greater Ekofisk Area, the company added.
Also, the area is a major hub for processing and transport of resources from numerous other fields in the North Sea.
ConocoPhillips Skandinavia has a 35.11% interest. The other partners are TotalEnergies EP Norge (39.896%), Vår Energi (12.388%), Equinor Energy (7.604%) and Petoro (5%).