ConocoPhillips to Shut In Ekofisk Fields For Three Weeks

LONDON (Dow Jones)

ConocoPhillips (COP) is to shut in two of its four Ekofisk fields in the North Sea at the end of September to allow for a planned pipeline tie-in, it said Friday.

The company plans to shut in the Eldfisk and Embla fields for approximately 21 days from Sept. 20, the director of communciations for ConocoNorge, Ingvar Solberg said. The estimated production to be shut in is approximately 1.3 million barrels of oil equivalent, Solberg said.

ConocoPhillips plans to tie in a pipeline between the Ekofisk and Eldfisk fields, Solberg said. While the anticipated shut-in period is expected to last 21 days, the timeframe will remain dependent on weather conditions, he said.

News of reduced output from Ekofisk emerged last week after trading sources revealed the September loading program for Ekofisk crude scheduled the loading of 11.79 million barrels, down from 15.05 million barrels in August.

In addition to the Eldfisk and Embla fields, the Ekofisk area also comprises the Ekofisk and Tor fields.

Copyright (c) 2007 Dow Jones & Company, Inc.

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