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ConocoPhillips Plans $1.5 Bln Norway Gas and Condensate Development
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ConocoPhillips Plans $1.5 Bln Norway Gas and Condensate Development
Business
Date posted: 08.11.2021
Category: Business News
OSLO, Nov 8 (Reuters) – ConocoPhillips (COP.N) presented on Monday plans for the development of Norway’s Tommeliten A gas and condensate discovery, with total investments expected to amount to 12.5 billion crowns ($1.46 billion), the U.S. oil firm said.
Located in the southern sector of Norway’s North Sea, Tommeliten A is estimated to hold reserves corresponding to 125 million barrels of oil equivalent, it added.
Source: Reuters