Norway approves the $1.8 billion subsea redevelopment project.

ConocoPhillips Skandinavia, a branch of the U.S. energy company ConocoPhillips, has progressed in meeting the regulatory requirements for its redevelopment initiative on the Norwegian Continental Shelf (NCS).

Norway’s Ministry of Energy has granted approval for the plans for development and operation (PDO) of the Previously Produced Fields (PPF) project in the Greater Ekofisk Area (GEA), following a final investment decision (FID) revealed in December 2025.

ConocoPhillips states that this approval is a significant advancement in the area's ongoing development and will facilitate increased gas supplies to Europe. The project operates in partnership with Vår Energi, Orlen Upstream Norway, and Petoro.

The total capital investment for the project is around NOK 14 billion (gross $1.3 billion) for PL018B/F and about NOK 5.5 billion (gross $500 million) for PL044/D.

The PPF project focuses on the redevelopment of three previously produced fields: Albuskjell and Vest Ekofisk in licenses PL018B/F, and Tommeliten Gamma in licenses PL044/D. The recoverable gas condensate resources are estimated between 90 to 120 million barrels of oil equivalent (boe).

These fields will be redeveloped using a subsea solution connected to the Ekofisk Complex with existing infrastructure, enhancing gas exports to Europe. Initial production is scheduled for the fourth quarter of 2028.

The project includes 11 new wells from four subsea templates linked via a shared pipeline, and it is anticipated to yield between 90 and 120 million barrels of oil equivalent in recoverable gas and condensate resources.

Steinar Våge, President of ConocoPhillips for Europe and North Africa, remarked: “Utilizing existing infrastructure allows us to access significant resources at a low cost, and these approvals are crucial milestones for the PPF project and reflect our long-term commitment to the Ekofisk area, while also bolstering gas exports to Europe.”