Oseberg and the Satellites
Oseberg is an oil field with an overlying gas cap, located in the northern part of the North Sea. The water depth is about 100 metres.
The field was discovered in 1979 and was developed in several stages. First oil production from the field started in 1988, while gas export from Oseberg commenced in 2000.
ConocoPhillips has a 2.4 percent ownership interest in all the Oseberg licences. ConocoPhillips also has an ownership interest in the Oseberg Transportation System, which transports oil from the Oseberg area to the Sture terminal in Hordaland. The crude oil is then exported by ship from the terminal.