NEWS

Vår Energi and its license partners, led by operator ConocoPhillips, have taken a final investment decision (FID) on the Previously Produced Fields (PPF) Project in the Greater Ekofisk Area, advancing a large-scale subsea redevelopment aimed at extending production life on the Norwegian Continental Shelf.

The project targets the redevelopment of three gas-condensate fields—Albuskjell, Vest Ekofisk and Tommeliten Gamma—that were shut in during the late 1990s following infrastructure decommissioning and capacity constraints at the Ekofisk Complex. With additional processing capacity expected to become available later this decade, the partners are moving forward with a new subsea tieback solution.

Total gross capital investment for the PPF Project is estimated at approximately USD 1.8 billion, including about USD 0.7 billion net to Vår Energi. The redevelopment is expected to deliver 55 MMboe net 2P reserves to Vår Energi, while total recoverable resources across the licenses are estimated at 90–120 MMboe.

The development concept includes 11 production wells and four new subsea templates, all tied back to the Ekofisk Complex via a shared multiphase pipeline. First production is planned for Q4 2028, adding new high-value barrels while leveraging existing infrastructure.

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