American multinational energy corporation ConocoPhillips has submitted a plan for development and operation (PDO) for a redevelopment of the Tor field in the Greater Ekofisk area in the North Sea.
According to the Norwegian Petroleum Directorate (NPD), the field was in production from 1978 until it was shut down in 2015 when the installation reached the end of its lifetime.
At shutdown, just 20% of the resources in place had been produced, it said.
The field will be redeveloped by installing two new subsea templates tied into the Ekofisk Complex. The recoverable reserves are estimated at 10 million standard cubic meters of oil equivalents (Sm3).
The plan is to restart production in late 2020. The total investment costs for the re-development are estimated at six billion kroner.
