Right from the start, ConocoPhillips has collaborated with research institutions and universities, which has led to innovative solutions that have had a major impact on the development of the fields in the Greater Ekofisk Area. After having produced oil and gas since 1971, we are now looking ahead to 2050. This would not have been possible without innovative ideas and solutions that have been of great significance for the company’s business in Norway.
While consolidating our position in the North Sea, our ambition is clear: We want to expand our portfolio on the Norwegian shelf and have more legs to stand on. Among other things, we received operatorships and stakes in licenses in the Barents Sea through the licensing rounds. This interest in the northern regions is part of the background for our extensive Arctic research program.
Our total research contribution to universities and research institutions since the dawn of Norway’s offshore age in the early 1970s amounts to nearly five billion kroner. Some of the most important areas of research today are production increase from existing fields, integrated operations, more cost-effective drilling, multi-phase technology and Arctic engagement.
In 2017, we have approximately 50 research projects, most of which are carried out by Norwegian universities and research institutions.