Phillips Petroleum to increase production in Norway's Ekofisk field

Jul 11, 2000 02:00 AM

Phillips Petroleum, Norway's oldest offshore oil operator, is undertaking a project aimed at increasing production by up to 35 % to 450,000 bpd within 2004, according to sources close to the Stavanger-based company. A spokesman confirmed that Phillips was halfway through a four-phase project aimed at increasing production, but could not confirm the potential rise in output.
"We have a project on the go aimed at getting the most from the Ekofisk field. The final recommendation is due in 2001 and the work seems promising," said Ingvar Solberg, head of information. He said the project was looking at increasing output from several fields within the Ekofisk field, including the Ekofisk, Eldfisk, Thor and Embla fields. He also said that if the project received the go-ahead, Phillips would have to drill more wells, as well as several for water injection, and also modify its processing equipment.

Ekofisk, which was first to produce oil in the North Sea off the Norwegian continental shelf, is currently producing at a rate of 330,000 bpd, around 5,000 barrels above its 2000 target.
Solberg said Ekofisk was currently injecting nearly 1 mm bpd of water to recover the 330,000 barrels of oil, a ratio of three to one. Oil recovery at Ekofisk is at around 45 % of available reserves, which is about the industry average.
The industry believes it can ultimately recover up to 75 % of the available oil as technology and recovery methods improve in time. Since its inception Ekofisk has produced 1.5 bn barrels of oil.
Norway, the world's second largest oil exporter, is currently producing at around 3.2 mm bpd.

Source: Bridge News via Newspage
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