OSLO, Norway – ConocoPhillips has submitted a plan for development and operation (PDO) for redeveloping the Tor field in the Greater Ekofisk area in the Norwegian North Sea.
Tor originally produced oil from 1978 until it was shut down in early 2016 when the platform reached the end of its lifetime. At shutdown, only 20% of the resources in place had been produced, according to the Norwegian Petroleum Directorate.
ConocoPhillips plans to install two new subsea templates tied into the Ekofisk complex to recover 10 MMcmoe at a cost of NOK6 billion ($700 million). It expects to re-start production in late 2020.