ConocoPhillips i Norge

What ConocoPhillips i Norge does

ConocoPhillips i Norge (legal entity ConocoPhillips Skandinavia AS) is the Norwegian operating subsidiary of US-headquartered ConocoPhillips Company (NYSE: COP), one of the world's largest independent exploration and production companies. Founded following the 1969 discovery of the Ekofisk field, the company operates from Tananger, Norway, as one of the largest operators on the Norwegian continental shelf, with ownership interests in 13 fields and net production of approximately 121,000 BOE/day in 2025. The Greater Ekofisk Area (GEA) is the operational hub, comprising 6+ billion BOE of cumulative production since 1971, with Ekofisk alone accounting for 4.2 billion barrels and a reservoir recovery rate increased from 17% to over 50% through successive technology applications.

The company's technology stack includes subsea production systems, coiled tubing drilling, glass-plug abandonment systems, offline stimulation, digital twin infrastructure for reservoir and asset modeling, and autonomous underwater vehicles (gliders/sea drones) for environmental monitoring. Recent capital projects include Tor II (first oil 2020, NOK 6.4 billion), Tommeliten A (first oil 2023, NOK 13 billion), Eldfisk North (first oil May 2024, NOK 10.5 billion), and the PPF Project (FID December 2025, PDO approved May 2026, first oil planned Q4 2028). Operating practices emphasize low emissions intensity (Eldfisk North 7 kg CO2/BOE; Tommeliten A 7.5 kg CO2/BOE) and substantial local supply-chain commitment at NOK 10-12 billion in annual Norwegian contract awards.

The business model generates revenue by selling oil, natural gas, and condensate into European energy markets via pipeline (Norpipe) and tanker loading at Teesside. Pricing follows Brent crude and TTF gas benchmarks. Production is operated jointly with partners including Vår Energi, Petoro, PGNiG Upstream Norway, Orlen Upstream Norway, TotalEnergies, Sval Energi, and Equinor across various license groups. Over 50 years, the company has generated approximately 2,600 billion NOK in value creation and contributed 1,200 billion NOK in taxes and fees to Norwegian society, with license extensions granted through 2048 securing a multi-decade production runway.

Name

ConocoPhillips i Norge

Legal name

ConocoPhillips Skandinavia AS

Website

https://conocophillips.no

Company type

Private

Founded year

1969

Operating status

Operating

Headcount range

11–50 employees

Short description

ConocoPhillips i Norge (ConocoPhillips Skandinavia AS) is the Norwegian subsidiary of US-based ConocoPhillips, operating 13 oil and gas fields on the Norwegian continental shelf with net production of 121,000 BOE/day, primarily serving European energy markets via the Greater Ekofisk Area hub.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Production

NAICS

Crude Petroleum Extraction (21112), Oil and Gas Extraction (2111), Oil and Gas Extraction (211)

SIC

Crude Petroleum & Natural Gas (1311), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Offshore E&P (Shallow/Deepwater, Subsea Production Systems) (EUALAAAI)

akta.pro secondary industries

Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF), Well Completions & Stimulation (Hydraulic Fracturing, Sand Control) (EUALAAAE), Offshore Natural Gas E&P (Shallow & Deepwater) (EUAAAAAF), Oil & Gas Midstream & Pipeline O&M (Pipelines, Compressor Stations) (EUAEAGAF)

Keywords

• Upstream oil and gas
• Offshore exploration production
• Norwegian continental shelf
• Subsea field development
• Natural gas extraction

Headquarters

HQ city

Tananger

HQ country

Norway

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations

Revenue model

1. Oil and Gas Production Sales: Exploration and production of oil and natural gas on the Norwegian Continental Shelf. Revenue generated from sale of crude oil, natural gas, and condensate produced from operated and partner fields including Ekofisk, Eldfisk, Tor, Tommeliten A, and other assets in the Greater Ekofisk Area.
2. Gas Processing and Transportation: Natural gas processing and transportation services through infrastructure including Ekofisk Complex and Teesside Terminal for delivery to European markets

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

ConocoPhillips i Norge is an exploration and production company operating on the Norwegian Continental Shelf, focusing on offshore oil and natural gas production. The company operates the Greater Ekofisk Area hub comprising the Ekofisk, Eldfisk, Tor, Embla, and Tommeliten A fields, plus subsea redevelopment projects such as Tor II, Eldfisk North, and the Previously Produced Fields (PPF) Project. Production is processed at the Ekofisk Complex and transported via pipeline to Teesside, UK, and into European gas pipeline networks.

Product overview

ConocoPhillips i Norge operates as an oil and gas exploration and production company on the Norwegian Continental Shelf, managing the Greater Ekofisk Area hub. The portfolio consists of the core Ekofisk Complex facilities serving multiple producing fields (Ekofisk, Eldfisk, Tor, Embla) plus recent subsea developments (Tommeliten A, Eldfisk North, Tor II, PPF Project). The company holds ownership interests in 13 fields and produces approximately 121,000 BOE daily. ConocoPhillips also maintains partnerships in non-operated fields like Breidablikk. All production is tied back to existing infrastructure for processing and transportation.

Differentiator

Problem solved

Functional benefit

Products and services

• Ekofisk Field
• Eldfisk Field
• Greater Ekofisk Area (GEA) Hub
• Tor II
• Tommeliten A
• Eldfisk North Project
• Previously Produced Fields (PPF) Project Joint redevelopment of Albuskjell, Vest Ekofisk and Tommeliten Gamma fields in the Greater Ekofisk Area, comprising 11 new wells and four new subsea templates tied back to the Ekofisk Complex, with recoverable resources estimated at 90-120 million BOE.
• Breidablikk Field Major oil field development in the North Sea, one of the largest undeveloped fields on the Norwegian Continental Shelf, with expected recovery of approximately 200 million barrels. Operated by Equinor with ConocoPhillips as a partner, connected to the Grane platform via four seabed templates.

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature6 records

Partnerships

16 partnerships are on record, tiered core and minor.

• Vår Energi ASAcoreStrategic or Co-development Partner · 13 February 2026License partner in Previously Produced Fields Project (PL018B/F and PL044/D) with 52.3% interest in Albuskjell & Vest Ekofisk and 9.1% in Tommeliten Gamma. Vår Energi is a key partner in multiple ConocoPhillips-operated licenses in the Greater Ekofisk Area.
• Orlen Upstream Norway AScoreStrategic or Co-development Partner · 13 February 2026License partner in Previously Produced Fields Project with 7.6% interest in Albuskjell & Vest Ekofisk and 62.6% in Tommeliten Gamma. Major partner in Norwegian shelf operations.
• Petoro AScoreStrategic or Co-development Partner · 13 February 2026License partner in PL018B/F with 5% interest. Petoro represents the Norwegian State's interests in production licenses on the Norwegian Continental Shelf.
• Sval Energi AScoreStrategic or Co-development Partner · 6 May 2024License partner in Eldfisk Field (PL018) with 7.604% interest. Norwegian exploration and production company.
• Equinor Energy AScoreStrategic or Co-development Partner · 6 May 2024License partner in Eldfisk Field with 7.604% interest. Norwegian state-controlled energy company.
• PGNiG Upstream Norway AScoreStrategic or Co-development Partner · 13 October 2023Unit partner in Tommeliten A with 42.1978% ownership interest. Polish energy company with significant presence in Norwegian exploration and production.
• TotalEnergies EP Norge AScoreStrategic or Co-development Partner · 13 October 2023Unit partner in Tommeliten A with 20.1430% interest. Major international energy company co-investing in Norwegian shelf developments.
• TotalEnergies E&P UK LimitedminorStrategic or Co-development Partner · 13 October 2023UK sector partner in Tommeliten A transboundary field with 0.1510% interest.
• ENI UK LimitedminorStrategic or Co-development Partner · 13 October 2023UK sector partner in Tommeliten A transboundary field with 0.0681% interest.
• ConocoPhillips (U.K.) Holdings LimitedminorStrategic or Co-development Partner · 13 October 2023UK sector holding company for Tommeliten A with 0.2109% interest.
• Aker SolutionscoreImplementation/ SI/ Consulting Partner · 18 January 2022Fabricated Tommeliten A process module at Aker Solutions' yard in Egersund for delivery to Ekofisk Complex.
• Stavanger University HospitalminorStrategic or Co-development Partner · 3 September 2021Partner in NEEDED heart research project led by Chief Doctor Stein Ørn. ConocoPhillips supports cardiac health research benefiting employees and public.
• Akvaplan-nivacoreTechnology or Integration · 25 November 2020Research partner in Glider/Sea Drone project for environmental monitoring. Joint venture agreement extended for three years (2021-2023) to study marine ecosystem impacts of seismic surveys and produced water discharges.
• Norwegian Research CouncilminorStrategic or Co-development Partner · 25 November 2020Co-funder of first phase of Glider/Sea Drone environmental research project.
• Equinor (Operator)coreStrategic or Co-development Partner · 28 September 2020Equinor operates Breidablikk field development where ConocoPhillips holds ownership interest. Production connected to Grane platform.
• Pandion Energy AScoreStrategic or Co-development Partner · 28 September 2020License partner in PL891 (Slagugle discovery) with 20% working interest. Exploration partner in Norwegian Sea.

Scale indicators20 records

Recent moves17 records

Expansion highlights5 records

Direct peers

• Equinor: Norwegian state-controlled E&P company and the largest operator on the NCS. Directly comparable to ConocoPhillips Norway as a North Sea-focused operator with production, subsea tie-backs, and pipeline/gas export to Europe; also partner in Breidablikk, Eldfisk, and PPF projects.
• Vår Energi: NCS-focused E&P operator with a portfolio concentrated on the North Sea and Norwegian Sea. Direct peer as a co-licensee in several GEA licenses and similar hub-anchored production strategy serving European gas and oil markets.
• Sval Energi AS: Norwegian E&P company with NCS production interests and partner in the Eldfisk Field (PL018). Direct peer sharing the same operating geography, license partners, and infrastructure network as ConocoPhillips Norway.
• Aker BP: Norwegian-registered E&P company operating primarily on the NCS, focused on hub-based offshore production and redevelopment of mature fields. Directly comparable in business model, geography, and tie-back strategy to ConocoPhillips Norway's Greater Ekofisk Area.

Broad incumbents

• TotalEnergies EP Norge: Norwegian arm of global supermajor TotalEnergies, with a meaningful NCS portfolio including a 20.14% stake in Tommeliten A. Broad incumbent peer operating globally but with comparable offshore Norway exposure and tie-back participation.
• Eni S.p.A. Global integrated major with UK sector interest in trans-boundary fields (ENI UK Limited holds stake in Tommeliten A). Broad incumbent with overlapping North Sea production and European gas exposure.
• Shell plc: Global integrated supermajor with historical NCS positions and current European gas/oil offtake that overlaps with ConocoPhillips Norway's customer base. Broad incumbent rather than a direct NCS operator comparable.

Others

• Petoro AS: Norwegian state-owned company managing the State's Direct Financial Interest (SDFI) in NCS production licenses, including stakes in GEA licenses. Comparable as a counterparty on the same production licenses and a co-licensee in PPF, rather than a competing operator.
• Aker Solutions: Norwegian-based EPC and subsea engineering contractor that fabricated the Tommeliten A process module for ConocoPhillips. Adjacent/ecosystem peer as a key supplier and integrator into ConocoPhillips Norway's subsea tie-back projects, rather than an E&P competitor.

Regional players

• PGNiG Upstream Norway / Orlen Upstream Norway: Polish state-aligned upstream entities with material Norwegian offshore positions, including the 42.2% stake in Tommeliten A via PGNiG Upstream Norway. Regional player anchored in Poland energy security interests but operating on the NCS alongside ConocoPhillips.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/c/conocophillips
• Facebookfacebook.com/conocophillips
• LinkedInlinkedin.com/company/conocophillips-i-norge

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ConocoPhillips i Norge