TotalEnergies Announces Oil Production from Elfisk North Project in North Sea, Ahead of Schedule

TotalEnergies Announces Oil Production from Elfisk North Project in North Sea, Ahead of Schedule

TotalEnergies  announced on Wednesday the first oil production from the Elfisk North project ahead of plan in the Greater Ekofisk Area in the North Sea, with production rates of 15,000 barrels of oil equivalent per day (boe/d) at peak.

The Eldfisk North Project comprises three 6-well subsea templates located approximately seven kilometers from the Eldfisk Complex. The project development and operation included drilling of up to 14 wells, of which nine are producers and the other five will inject water into the reservoir. The Eldfisk North Project will use available capacity at Eldfisk 2/7 S for processing and transportation, utilizing existing infrastructure in the Greater Ekofisk Area.

The Eldfisk North Project is located in PL018, and the licensees are TotalEnergies EP Norge AS holding 39.896%, ConocoPhillips Skandinavia AS holding 35.112% as Operator, Vår Energi ASA holding 12.388%, Sval Energi AS holding 7.604%, and Petoro AS holding 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.

“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 benefiting from the use of available capacities in the existing infrastructure in the Greater Elofisk 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 project has created 4,000 to 4,500 jobs, and more than 80% of the total contract value has been awarded to Norwegian businesses.

The Eldfisk Field was discovered in 1970 and the 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.

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