Conoco looks to push oil by 17m barrels with water consent

+ADw-p+AD4-The Norwegian Petroleum Directorate has today announced consent for the ConocoPhillips-operated North Sea installation Ekofisk to begin water injection in a bid to increase oil production.+ADw-/p+AD4
+ADw-p+AD4-The development of four subsea well slots will see ConocoPhillips attempt to increase oil production by around 17 million barrels, the equivalent of 2.7 million standard cubic meters.+ADw-/p+AD4
+ADw-p+AD4-Investment in the development will be more than +AKM-213 million.+ADw-/p+AD4
+ADw-p+AD4-The development of 2/4 VC was approved by the Ministry of Petroleum and Energy on 7 September 2017, as an amended Plan for Development and Operation (amended PDO) for Ekofisk south.+ADw-/p+AD4
+ADw-p+AD4-The amended PDO was approved without conditions today and current resource and cost estimates are in line with what was set when the amended PDO was approved.+ADw-/p+AD4

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