PHILLIPS SUBMITS ALTERNATIVE PLANS FOP EKOFISK FIELD

The Phillips Petroleum Co. Norway group has submitted to Oslo two alternative plans for redevelopment of Ekofisk oil and gas field in the Norwegian North Sea. In the wake of safety concerns raised in October 1992 by the Norwegian Petroleum Directorate, Phillips is required to install a new processing platform in 1998 to replace the existing processing and tank platform because of seabed subsidence.

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