The new blocks include 38 areas in the Barents Sea, 10 areas in the Norwegian Sea and 22 areas in the North Sea, with an application deadline of Sept. 1 and final awards expected in early 2027…
Investments are expected to total 19 billion Norwegian crowns ($2.05 billion), with production to start in 2028 and run until 2048, the ministry said.
DB2
In addition to the new fields…
…are located less than 10 km west of the giant Ekofisk complex and will resume production in 2028 under a redevelopment project led by U.S.-based ConocoPhillips and its partners.
The Previously Produced Fields (PPF) project involves an estimated investment of approximately 19 billion Norwegian kroner (around $2 billion or €1.8 billion). It includes 11 new wells and four subsea templates tied back to the existing Ekofisk infrastructure via a shared multiphase pipeline. Production is expected to continue until 2048, with first gas targeted for the fourth quarter of 2028.
DB2
I do not believe the production to start in 2028 statement with new offshore platforms!
What are the realistic years for the new offshore O&G fields to produce any product?
That does give them over two and a half years; perhaps it is related to the fact that the fields are being restarted. Any idea what “four subsea templates tied back to the existing Ekofisk infrastructure via a shared multiphase pipeline” means?
DB2