ConocoPhillips Submits PDO for $1.5B North Sea Project - News Summed Up

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ConocoPhillips Submits PDO for $1.5B North Sea Project


The total capital investment associated with the project is estimated to be approximately $1.5 billion. ConocoPhillips Skandinavia AS has announced that the plan for development and operation of the Tommeliten A field in the North Sea has been submitted to the Norwegian Ministry of Petroleum and Energy and the UK Oil and Gas Authority. “We are pleased to achieve this milestone for the Tommeliten A project,” Steinar Våge, ConocoPhillips’ president of Europe, Middle East and North Africa, said in a company statement. “The field development will unlock production of new resources in the area and further strengthen the Ekofisk legacy and future,” the ConocoPhillips president went on to say. ConocoPhillips Skandinavia AS is the operator of the Tommeliten A Unit with a 28.1385 percent ownership interest.


Source: The North Africa Journal November 09, 2021 14:11 UTC



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