ConocoPhillips Plans $1.5 Billion Norway Gas, Condensate Development

ConocoPhillips and its partners plan to produce the reserves with an installation on the seabed connected to existing infrastructure at Conoco's Ekofisk field, some 25 km (16 miles) away.

Terje Solsvik, Reuters

ConocoPhillips presented on plans for the development of Norway's Tommeliten A gas and condensate discovery, with total investments expected to amount to 12.5 billion crowns (US$1.46 billion), the U.S. oil firm said on Nov. 8.

Located in the southern sector of Norway's North Sea, Tommeliten A is estimated to hold reserves corresponding to 125 million barrels of oil equivalent, it added.

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