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ConocoPhillips begins oil production from $1.2 billion Eldfisk North project in North Sea ahead of schedule
Category: Business News
(WO) – The licensees of the Eldfisk Field, operated by ConocoPhillips Skandinavia AS, announced successful first oil production on the Eldfisk North Project, in the Greater Ekofisk Area of the North Sea. Oil and gas resources from the new project development are being produced ahead of schedule.
In December 2022, the Norwegian authorities approved the Eldfisk North Plan for Development and Operation (PDO), with original production start scheduled in the second quarter of 2024. Cooperation and efficiency across companies has allowed oil to flow earlier than expected.
The Eldfisk North Project comprises three 6-well subsea templates approximately 7 km from the Eldfisk Complex. The PDO included drilling of up to 14 wells, nine of which are producers. The other five will inject water into the reservoir.
The Eldfisk North Project will use available capacity at Eldfisk 2/7 S for processing and transportation, utilizing existing infrastructure in the Greater Ekofisk Area.
Read full article here.
Source: WorldOil.com