Tag Archives: ConocoPhillips

Sysla: ConocoPhillips økte inntektene med ti milliarder kroner på to år

Oljeselskapets omsetning har ikke vært høyere siden før krisen. Bedre oljepris er årsaken.

Selskapene som produserer olje og gass, var ikke de som ble hardest rammet av den alvorlige krisen som begynte sommeren 2014. Langt lavere oljepris førte likevel til at inntektene falt kraftig.

Slik var det også for ConocoPhillips’ norske virksomhet. På to år ble inntektene nesten halvert da de falt med ti milliarder kroner fra 2014 til 2016, da de endte på 14,8 milliarder.

Høyere oljepris

Men de siste årene har situasjonen snudd. I 2017 økte inntektene med 43 prosent til 21,1 milliarder kroner, og i fjor fortsatte framgangen. Inntektene i 2018 endte på 24,9 milliarder kroner.

Resultatet før skatt ble 13,6 milliarder kroner, en økning på 45 prosent fra 9,6 milliarder kroner i 2017.

– ConocoPhillips Skandinavia har i 2018 nok en gang levert et år med verdiskapning og sterkt finansielt resultat, skriver kommunikasjonsdirektør Stig S. Kvendseth i en e-post til Sysla.

Les hele saken HER.

World Oil: ConocoPhillips submits re-development plan for Tor field

On behalf of the licensees, operator ConocoPhillips has submitted a Plan for Development and Operation (PDO) for a re-development of Tor field, in the Greater Ekofisk area in the North Sea.

The field was in production from 1978 until it was shut down in 2015 when the installation reached the end of its lifetime. At shutdown, just 20% of the resources in place had been produced.

Read entire article HERE.

Press Release: TechnipFMC Awarded a Significant Integrated EPCI (iEPCI™) Contract for the ConocoPhillips TOR II Development

LONDON & PARIS & HOUSTON–(BUSINESS WIRE)– TechnipFMC (Paris:FTI) (NYSE:FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract from ConocoPhillips for the TOR II development, located in the Norwegian sector of the North Sea at a water depth of 80 meters.

This contract covers the delivery and installation of a subsea production system including installation of umbilical, rigid flowlines and associated subsea equipment.

Arnaud Pieton, President Subsea at TechnipFMC, commented: “This is the first iEPCI™ award by ConocoPhillips. Through early engagement and collaboration, with ConocoPhillips we engineered an integrated subsea solution enabling first oil sooner than with a traditional project execution. We have partnered with ConocoPhillips in the Ekofisk area on several projects and are honored that ConocoPhillips is expanding its scope with us, embracing our innovative and comprehensive approach”.

(1) For TechnipFMC, a “significant” contract ranges between $75 million and $250 million.

Read entire press release HERE.

World Oil: Equinor reports “profitable” oil discovery from the Visund A platform

STAVANGER — Equinor has, together with partners Petoro, ConocoPhillips and Repsol, made an oil discovery from the Visund A platform in the Telesto exploration well in the North Sea. The resources are estimated at 12-28 MMbbl of recoverable oil.

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Source: Equinor

“We are pleased to have made a new discovery on Equinor-operated acreage on the Norwegian continental shelf (NCS). These are profitable barrels that can be quickly tied in to existing infrastructure and generate substantial revenues for society. Infrastructure-led exploration is an important part of our roadmap for the NCS,” said Nick Ashton, Equinor’s senior V.P. for exploration in Norway and the UK.

Read entire article HERE.