TotalEnergies EP Norge has reached agreements to sell its non-operated stakes in three mature fields located in Norway’s Greater Ekofisk Area. The company will divest its 39.89% interest in the West Ekofisk and Albuskjell fields to Vår Energi, and its 20.23% stake in the Tommeliten Gamma field to Orlen Upstream Norway.
These fields, situated within the PL018 and PL044 licenses, stopped producing oil and gas in 1998. They are planned for redevelopment under the Previously Produced Fields project (PPF). The completion of these transactions is contingent on a Final Investment Decision for the PPF project, expected later in 2025, as well as regulatory approvals.
“TotalEnergies continues to actively high-grade its Upstream portfolio by seizing value-accretive divestment opportunities. We remain fully committed to Norway, where the Company holds interests in many licenses, including the producing fields in the Greater Ekofisk Area,” said Jean-Luc Guiziou, Senior Vice President Europe for Exploration & Production at TotalEnergies.
The Greater Ekofisk Area includes currently producing fields such as Ekofisk, Eldfisk, Embla (PL018), Tor (PL006), and Tommeliten Alpha (PL044). Discovered in 1969, production at Ekofisk began two years later. Water injection was introduced in 1987; subsequent development projects followed over several decades. In 2022, authorities extended the license period for these assets from 2028 to 2048.
TotalEnergies is a global energy company active across oil, natural gas, renewables, and electricity markets with operations in about 120 countries.
