ConocoPhillips pitches plan for Eldfisk North

May 10, 2022
ConocoPhillips Skandinavia has submitted a PDO for the Eldfisk North project in the southern Norwegian North Sea.

Offshore staff

SANDEFJORD, Norway — ConocoPhillips Skandinavia has submitted a plan for development and operation for the Eldfisk North project in the southern Norwegian North Sea to Norway’s Ministry of Petroleum and Energy.

This will develop a further 50 MMboe to 90 MMboe from the Eldfisk Field, discovered and produced in the 1970s and redeveloped in 2011.

ConocoPhillips and its partners plan three six-slot subsea production systems, housing nine producer and five water-injector wells.

Eldfisk North will be tied into the Eldfisk complex 7 km (4.35 mi) to the south. Estimated capex is NOK10.5 billion ($1.2 billion), with first production anticipated in 2024, and a CO2 emissions intensity of 7 kg/boe.

Contracts for the project could generate up to 4,000 to 4,500 jobs, with more than 80% likely to be awarded to Norwegian businesses.

Other partners in the development are TotalEnergies EP Norge, Vår Energi, Equinor AS and Petoro AS.

The Eldfisk reservoir comprises fractured chalk containing mainly oil, similar to other fields in the Greater Ekofisk Area.

05.10.2022