Vår Energi, partners announce sanctioning of PPF project in North Sea [Yahoo! Finance]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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Source: Yahoo! Finance
The partners in the PPF project have reached a final investment decision regarding the PPF re-development initiative. The PPF project is operated by ConocoPhillips Skandinavia. The PPF project, scheduled to start production from 2028, is expected to bolster the production life of the Greater Ekofisk Area. It is estimated to deliver 55 million barrels of oil equivalent in net proved plus probable reserves. Vår Energi's capital commitment for the project stands at around $700m (Nkr7.15bn). The PPF project includes the redevelopment of the Albuskjell and Vest Ekofisk fields in licences PL018B/F, as well as the Tommeliten Gamma field in licences PL044/D. This redevelopment will use improved well placement and horizontal well technology to enhance reservoir exposure and production rates to boost recoverable reserves. The project also features four new subsea templates and 11 production wells linked back to the Ekofisk Complex. Vår Energi said the project is in line with its
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COP
Earnings
- 11/6/25 - Beat
COP
Sec Filings
- 12/16/25 - Form 4
- 12/16/25 - Form 4
- 12/3/25 - Form 4
- COP's page on the SEC website