Investments of NOK 65 billion to increase recovery in the Ekofisk Area

The Norwegian Ministry of Petroleum and Energy today received Plans for Development and Operation (PDO) on the Ekofisk and Eldfisk fields. The projects (Ekofisk South and Eldfisk II) will entail investments in the region of NOK 65 billion.

-I am happy to recieve new PDOs in the Ekofisk area. 40 years ago, The Ekofisk field was the first field that came into production in Norway. These new projects will make it possible to maintain production for another 40 years from this important area, says Minister of Petroleum and Energy, Mr Terje Riis-Johansen.

The fields are located in the southern part of the North Sea, around 300 km from the Norwegian coast. The new investments will increase the recovery rate from the Ekofisk field from 49,5 percent to 52 percent, and from 22 percent to 28,5 percent  from the Eldfisk field. ConocoPhillips is the operator for the projects, while Total, Eni, Statoil and Petoro are partners in the respective production license.

Minister of Petroleum and Energy, Mr Terje Riis-Johansen (left) and CEO of ConocoPhillips Norway, Mr Steinar Våge

 

 

Related news

Latest news

New contract: Windcat 41 - no 17 in the Servogear series

Servogear announces the signing of a new contract with Windcat Workboats BV for the delivery of Servogear Controllable Pitch Propellers (CPP)  for their new vessel Windcat 41. 

Seacat Enterprise to be launched January 12th

Seacat Services, is preparing to launch its first High Speed Utility Vessel (HSUV), Seacat Enterprise at January 12th.

Norsafe Signs Contract with the Swedish Coast Guard (KBV)

On Wednesday 21st December, Norsafe signed yet another new contract with the Swedish Coast Guard (KBV) to deliver nine new Magnum 750 MKII boats.

A Unique Second-generation Tomograph is Developed

A new gamma-ray tomograph designed to image up to 4” diameter pipes, is developed by CMR Prototech for the Saskatchewan Research Council (SRC) in Canada.

Sohome launches a new website

Sohome has launched a new website that makes it easier to find key information. 

Sohome AS receives orders for Johan Sverdrup Project

Sohome AS is proud to be a sub-contractor to Intelecom AS for the Johan Sverdrup Project. 

New 55'' Ultra High Definition Chart and Planning table passes Type Approval testing

Most advanced maritime display system ever produced, the 55'' Ultra High Definition Chart & Planning table, enables Integrated Bridge System manufacturers to develop new multi-data solutions.

Norsafe's experience in the Polar Code Pays Off

In readiness for the introduction of the Polar code, Norsafe has become the first LSA supplier to have executed full scale tests and trials 

Øglænd System Group winner of Business of the Year Award

Øglænd System Group won the Business of the Year Award in the Stavanger-region 2016.