Core Viewpoint - ConocoPhillips and its partners have submitted development plans for the Albuskjell, Vest Ekofisk, and Tommeliten Gamma fields in Norway, aiming to redevelop previously produced fields with significant recoverable resources estimated at 90–120 million barrels of oil equivalent [1]. Group 1: Project Overview - The project includes the installation of four subsea templates and drilling of 11 wells, connecting to the Ekofisk Complex via a shared multiphase pipeline [2]. - Albuskjell will have two subsea templates and six wells, while Vest Ekofisk and Tommeliten Gamma will have one template each, with three and two associated wells respectively [2]. Group 2: Financial and Economic Impact - Planned gross investments are approximately Nkr14 billion ($1.47 billion) for Albuskjell and Vest Ekofisk, and Nkr5.5 billion for Tommeliten Gamma [2]. - The project is expected to create around 5,900 jobs, with over 80% of awarded contracts going to Norwegian companies [3]. Group 3: Production Timeline and Capacity - First gas production is anticipated in Q4 2028, pending regulatory approvals, with peak production expected to reach 36,000 barrels of oil equivalent per day [3]. - The fields had ceased operations in 1998 due to decommissioning and capacity constraints, but capacity is projected to become available in the late 2020s, allowing for production restart [4]. Group 4: Strategic Importance - ConocoPhillips emphasizes that the project represents long-term, profitable investments in the Greater Ekofisk Area, enhancing Europe's energy security with additional gas supply [5].