TotalEnergies EP Norge has signed two separate agreements to divest its non-operated stakes in three oil fields located in the North Sea. The French company is exiting the Tommeliten Gamma field (20.23%) in favour of Orlen Upstream Norway, and the West Ekofisk and Albuskjell fields (39.89%) in favour of Vår Energi. These assets are located in the Ekofisk area and are part of the “Previously Produced Fields Project” (PPF), which aims to redevelop previously exploited fields.
A withdrawal subject to final investment decision
The fields concerned ceased production in 1998. The PPF project intends to restart production from these mature reservoirs using new recovery technologies. The completion of the transactions is subject to approval by the Norwegian regulator and the final investment decision for the project, which is expected in the fourth quarter of 2025. No transaction value has been disclosed.
In an official statement, TotalEnergies said the divestment aligns with its strategy to “enhance the quality of its Upstream portfolio” through targeted exits. However, the group retains a significant presence in Norway, notably through producing assets in the Ekofisk area where it continues to operate under several licences.
An active Norwegian portfolio
The Ekofisk area includes major fields such as Ekofisk, Eldfisk and Embla (PL018), as well as Tor (PL006) and Tommeliten Alpha (PL044). Discovered in 1969, the area began production in 1971. Several redevelopment projects have since been undertaken, including water injection in 1987, Ekofisk II in 1998, and Eldfisk II starting in 2011.
The Eldfisk reservoir, made up of fractured chalk and rich in oil, is similar to neighbouring fields in the Ekofisk region. The licence has been extended until 2048, maintaining activity in one of Norway’s historic oil and gas basins.
