Oil companies invest millions to revive Norwegian oil field

Conocophillips, together with players like Equinor and Total, will pay hundreds of millions of dollars to expand the Tor field in the North Sea, to restart oil extractions from the field, which closed in 2015.

Photo: Loren Elliott / Reuters / Ritzau Scanpix

BY TRINE VESTERGAARD, SHIPPINGWATCH

US-based oil company Conocophillips and a number of partners are joining forces to invest hundreds of millions in order to re-open oil field Tor in the North Sea.

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ConocoPhillips approaches new buyer to dispose of North Sea fields
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