ConocoPhillips (NYSE: COP) has received approval from UK and Norwegian authorities for a £1 billion cross-border field in the North Sea.
The US oil giant submitted plans for Tommeliten A, a subsea tieback to the Ekofisk platform around 15 miles away, in November.
ConocoPhillips said the North Sea development will have total capital investments of 13 billion NOK (£1bn), with Tommeliten A expected to deliver resources of 80 – 180 million barrels of oil equivalent.
The US oil giant has previously said the development will enable around 5,000 jobs, adding that the field will “unlock production of new resources” and “further strengthen the Ekofisk legacy and future”.
Consents have been granted by the North Sea Transition Authority (NSTA) in the UK and Norwegian Ministry of Petroleum and Energy.
ConocoPhillips said the North sea project, which is mainly made up of gas condensate, is planned for start-up in 2024.
Gas will be sent to Emden in Germany while oil will be sent on to Teesside in the UK.
Tommeliten A will consist of two subsea templates, which can accommodate up to 12 production wells.
A new processing module will be installed on the Ekofisk complex to accommodate the tieback.
ConocoPhillips Skandinavia is the operator with a 28.1% stake, partnered with PGNiG Upstream Norway AS (42.1978 %), TotalEnergies EP Norge AS (20.1430 %),Vår Energi AS (9.0907 %), ConocoPhillips (U.K.) Holdings Ltd (0.2109%), TotalEnergies UK Ltd (0.1510%) and ENI UK Ltd (0.0681%).
New York-listed ConocoPhillips operates the wider Greater Ekofisk Area.
Tommeliten A was discovered in 1977 and extends from Norwegian Block 1/9 into UK Block 30/20, and is being primarily developed as a Norwegian project.
ConocoPhillips pulled out of the UK in 2019 after completing the sale of a package of assets to Chrysaor (now Harbour Energy) in a £2billion deal.
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