ConocoPhillips has operated in Europe for more than 50 years, with significant developments in the Norwegian sectors of the North Sea and Norwegian Sea. The company also has an interest in a concession in Libya.
In September 2019, the company completed its U.K. divestiture.
In Norway, the company operates assets in the Greater Ekofisk Area and has ownership interests in several non-operated assets. Crude oil and natural gas liquids from the fields in the Greater Ekofisk Area are transported by pipelines to terminals in Teesside, which ConocoPhillips operates; and gas from the Greater Ekofisk Area is transported to Emden, Germany. The company also conducts exploration activity. The company has leveraged its existing operations, infrastructure and basin expertise to create incremental growth projects in recent years, and development opportunities still exist in ConocoPhillips’ legacy areas in the North Sea.
In Libya, the company has an interest in the Waha Concession in the Sirte Basin. Production operations in Libya and related oil exports have periodically been interrupted over the last several years due to forced shutdowns of the Es Sider terminal.