ConocoPhillips and partners submit two plans for the development and operation of Albuskjell, Vest Ekofisk, and Tommeliten Gamma fields in the North Sea. The project involves four subsea templates, 11 wells, and a shared multiphase pipeline, with a total investment of Nkr14bn for Albuskjell and Vest Ekofisk, and Nkr5.5bn for Tommeliten Gamma. First gas expected in Q4 2028, with peak production at 36,000 barrels of oil equivalent per day.

The redevelopment of these fields is estimated to have recoverable gas and condensate resources of 90-120 million barrels of oil equivalent. Albuskjell will have two subsea templates and six wells, while Vest Ekofisk and Tommeliten Gamma will each have one template with three and two associated wells, respectively. The project is expected to create around 5,900 jobs.

The fields, which ceased operations in 1998, fall within specific licenses and are set to restart production in the late 2020s. ConocoPhillips aims to enable new resource development and production at a low cost of supply, adding value and enhancing Europe’s energy security with additional gas. The project is part of long-term, profitable investments in the Greater Ekofisk Area.

In November 2025, ConocoPhillips and its partners identified gas-bearing zones at the Essington-1 exploration well in Australia’s Otway Basin. The company’s commitment to exploration and development extends to various regions globally. The submission of development plans for the Greater Ekofisk Area gas fields reflects the company’s strategic growth initiatives.

Read more at Yahoo Finance: ConocoPhillips submits development plans for Greater Ekofisk Area gas fields