TotalEnergies SE: Norway: First Oil Production on Eldfisk North
May 08 2024 - 5:50AM
Business Wire
Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces
successful first oil production on the Eldfisk North Project,
located in the Greater Ekofisk Area in the North Sea.
The Eldfisk North Project is located in PL018, and the licensees
are TotalEnergies EP Norge AS (39.896%), ConocoPhillips Skandinavia
AS (35.112% - Operator), Vår Energi ASA (12.388%), Sval Energi AS
(7.604%) and Petoro AS (5.000%).
In December 2022, the Norwegian authorities approved the Eldfisk
North Plan for Development and Operation with original production
start scheduled in the second quarter of 2024. Cooperation and
efficiency across companies have unlocked earlier first oil
production.
“This is a nice example of a short cycle project which is
delivered safely and ahead of plan. The Eldfisk North project is
indeed unlocking additional resources whilst benefitting from the
use of available capacities in the existing infrastructure in the
Greater Ekofisk Area. With a low break-even and greenhouse gas
emissions below 10 kg/boe, the Eldfisk North project fits nicely in
TotalEnergies portfolio,” said Jean-Luc Guiziou, Senior Vice
President Europe for Exploration & Production at
TotalEnergies.
The Eldfisk North Project comprises three 6-well subsea
templates located approximately seven kilometers from the Eldfisk
Complex. The development includes up to 14 wells, whereof nine are
producers and five will inject water into the reservoir. The
Eldfisk North Project will produce 15,000 barrels of oil equivalent
per day at peak and use the available capacity of Eldfisk
facilities for processing and transportation.
The project has created approximately 4,000 to 4,500 jobs, and
more than 80% of the total contract value has been awarded to
Norwegian businesses.
About Eldfisk
The Eldfisk Field was discovered in 1970 and original plan for
development and operation was approved in 1975. A new plan for
development and operation was approved for the Eldfisk II
Redevelopment Project in 2011. The Eldfisk reservoir consists of
fractured chalk containing mainly oil, similar to surrounding
fields in the Greater Ekofisk Area.
About TotalEnergies
TotalEnergies is a global integrated energy company that
produces and markets energies: oil and biofuels, natural gas and
green gases, renewables and electricity. Our more than 100,000
employees are committed to provide as many people as possible with
energy that is more reliable, more affordable and more sustainable.
Active in about 120 countries, TotalEnergies places sustainability
at the heart of its strategy, its projects and its operations.
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Commission (SEC).
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