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ConocoPhillips Touts Gas Condensate Discovery Offshore Norway

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   |    Wednesday,November 11,2020

ConocoPhillips has announced a new gas condensate discovery in production license 1009 located 22 miles northwest of the Heidrun Field and 150 miles from the coast of Norway in the Norwegian Sea.

The discovery well, 6507/4-1 (Warka), was drilled in 1,312 feet of water to a total depth of 16,355 feet. Preliminary estimates place the size of the discovery between 50 and 190 million barrels of recoverable oil equivalent.

Further appraisal will be conducted to determine potential flow rates, the reservoir's ultimate resource recovery and plans for development.

COO Matt Fox said: "We have built a strong position on the Norwegian shelf since the discovery of the Ekofisk Field in 1969 and we are a very active industry operator and partner across the North Sea and the Norwegian Sea. This discovery, potentially the largest on the Norwegian Continental shelf this year, bolsters our position in the Norwegian Sea and the Heidrun area. The Warka discovery and potential future opportunities represent very low cost of supply resource additions that can extend our multi-decade success on the Norwegian Continental Shelf."

Partners

ConocoPhillips Skandinavia AS is operator of the license with 65% working interest. PGNiG Upstream Norway AS holds 35% working interest.

ConocoPhillips Skandinavia AS is operator of production license 891 with 80% working interest and Pandion Energy AS holds 20% working interest.

2021 Development Plan

Category	2020	2021 Est. Initial	Updated 2021 Guidance	%Difference (2020vs 2021)
Total Capital Expenditure($mm)

Production NGL(bbls/d)
Production Natural Gas(Mmcf/d)
Production Oil(bbls/d)
Production Daily Equivalent(boe/d)

 Click here for More Planned 2021 Activity