OLD FIELDS IN NORTH SEA GIVEN NEW LEASE ON LIFE

08/30/1993
David Knott International Editor Oil companies have grown to accept the maturity of the North Sea as an oil province. Operators are increasingly facing tests of innovation and cost control in developing new fields. In the last year, however, three of the oldest and most important North Sea developments have been given a new lease on life. Redevelopment plans for Ekofisk, Brent, and Forties fields show that application of recent technology to aging assets can be as worthwhile as development of new projects. On July 1, Phillips Petroleum Co. Norway submitted a long-term safety plan for the processing and transportation tank pl...
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