The licensees of PL018B/F and PL044/D, operated by ConocoPhillips Skandinavia AS, have reached a final investment decision for the Previously Produced Fields (PPF) Project in the Greater Ekofisk Area (GEA). Plans for development and operation (PDOs) will be submitted to the Norwegian Ministry of Energy in Q1 2026.
The PPF Project is a joint redevelopment of the Albuskjell, Vest Ekofisk, and Tommeliten Gamma fields, with recoverable gas condensate resources estimated at 90 to 120 million barrels of oil equivalent.
“Our focus is on projects with low cost of supply and increased gas delivery to Europe. We are advancing our near-field resource strategy with subsea developments in the GEA, and we value our license partners’ support for the PPF Project,” said Steinar Våge, president, Europe, Middle East and Africa for ConocoPhillips.
The project’s capital investment is approximately NOK 14 billion (gross USD 1.3 billion) for PL018B/F and approximately NOK 5.5 billion (gross USD 500 million) for PL044/D. The joint development concept includes 11 wells and four new subsea templates; all tied back to the Ekofisk Complex via a shared multiphase pipeline, with first gas scheduled for Q4 2028.
Certain ownership changes have been announced to be executed shortly. ConocoPhillips operates both PL018B/F and PL044/D. The ownership post transactions will be ConocoPhillips with 35.1% interest in PL018B/F and 28.3% interest in PL044/D. Other partners include Vår Energi AS (52.3% in PL018B/F and 9.1% in PL044/D), Orlen Upstream Norway AS (7.6% in PL018B/F and 62.6% in PL044/D), and Petoro (5% in PL018B/F).
Following submission of PDOs, the PPF Project is subject to final regulatory approvals.
