ConocoPhillips Skandinavia AS submitted a plan for development and operation (PDO) for the Eldfisk North project to the Ministry of Petroleum and Energy. First production is expected in 2024.
The project is targeting additional resources in Eldfisk field. The development concept is a three-by-six slot subsea production system (SPS) with 14 wells, where nine are producers and five are water injectors. Eldfisk North will be tied back to the Eldfisk complex in the North Sea. Greenhouse gas emissions intensity from the project is estimated at 7 kg CO2/boe.
Resource potential of 50-90 MMboe is estimated. The new greenfield infrastructure will lie about 7 km north of the Eldfisk complex.
Total capital investment is estimated to be $1.2 billion.
Eldfisk field was discovered in 1970 and original PDO was approved in 1975. A new PDO was approved for the Eldfisk II redevelopment project in 2011. The Eldfisk reservoir is comprised of fractured chalk containing mainly oil, similar to surrounding fields in the Greater Ekofisk area.
ConocoPhillips Skandinavia AS is operator with 35.11% interest. Partners are TotalEnergies EP Norge AS 39.896%, Vår Energi AS 12.388%, Equinor Energy AS 7.604%, and Petoro AS 5%.