Field/project development

ConocoPhillips Gets Green Light for Eldfisk Nord Startup

The $1.24 billion project is expected to tap up to 90 million BOE.

The Eldfisk complex in Block 2/7 of the Norwegian North Sea.
SOURCE: Norwegian Offshore Directorate/ConocoPhillips

The Norwegian Offshore Directorate has given ConocoPhillips consent to start up the $1.24 billion Eldfisk Nord development in the Norwegian North Sea. The project consists of two seabed templates for production and one for water injection—a total of nine production wells and five injection wells. First oil is expected in March.

The Eldfisk field is located in Block 2/7 and is part of the Greater Ekofisk Area. Eldfisk Nord will help the operator increase the recovery rate from the two formations, Ekofisk and Tor. The project will utilize available capacity for processing and transport in the existing infrastructure in the Greater Ekofisk area.

The resource potential at Eldfisk Nord is estimated to be between 50 million and 90 million bbl of oil.

Eldfisk was discovered in 1970, and the plan for development and operation (PDO) was approved in 1975. An amended PDO, including the development of resources in Eldfisk Nord, was approved in December 2022.

The initial plan called for three six-well subsea templates approximately 7 km from the Eldfisk complex, and the drilling of up to 14 wells—nine of the wells as producers and the other five wells for water injection.

ConocoPhillips operates the Eldfisk field in PL 018 with a 35.112% ownership interest, while TotalEnergies EP Norge (39.896%), Vår Energi (12.388%), Equinor (7.604%) and Petoro (5%) are partners.