Category: Business News
At the same time, the company has started production from the re-developed Tor field satellite, 13 km (8 mi) northeast of the Ekofisk Complex. Tor began producing in 1978 and was shut in 2015: the new development is based on eight wells divided between two subsea templates.
Originally, ConocoPhillips expected Ekofisk to cease operations in 1997. However, the introduction of water injection in the late 1980s improved recovery, helping to prolong production.
Ekofisk produces from a reservoir 3,000 m (9,842 ft) subsurface. To date more than 3 Bbbl have been produced from the 300-m (984-ft) oil column.
Currently, the company is assessing new development projects in the Greater Ekofisk Area (GEA), along with recent discoveries elsewhere in the North Sea and in the Norwegian Sea.