ConocoPhillips’s Ekofisk South North Sea project has begun oil production for the first time.
The veteran field is expected to produce upwards of 60,000 barrels of oil equivalent per day within the next four years, as part of a major drilling and production project for the region.
The £3.2billion development will eventually feature 35 production wells and eight water injection wells, with oil having started flowing from the first of these on Friday.
It forms part of an £8billion investment in the field by ConocoPhillips and partners Total, Eni, Statoil and Petoro to extend its life for the next 40 years, with work due to start on a second project – Eldfisk II – by 2015.
“The Ekofisk South project startup represents an important milestone for ConocoPhillips,” said Matt Fox, Conoco’s executive vice president for exploration and production.
“This is the first of several new major project startups that will contribute to the company’s growth over the next few years.
“These projects will increase ultimate resource recoveries and extend the field life of this premier legacy asset for years to come.”
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