TotalEnergies has announced the sale of its non-operated interests in three mature fields located in the Ekofisk metropolitan area. The divested assets include 39.89% in West Ekofisk and Albuskjell, which will be taken over by Vår Energi, and 20.23% in Tommeliten Gamma, transferred to Orlen Upstream Norway.
TotalEnergies sells assets and maintains presence in Norway
These fields, located in licenses PL018 and PL044, stopped producing in 1998. However, they are contemplated within the Previously Produced Fields (PPF) project, which seeks to reactivate depleted assets through updated production techniques. The final PPF investment decision is expected in the fourth quarter of 2025.
Despite this divestment, TotalEnergies reaffirmed its commitment to the Norwegian market. The company will continue to be present in the region through its participation in other active fields in the area, such as Ekofisk, Eldfisk and Embla. These form part of the same productive enclave as the fields sold, which is evidence of a strategy of concentrating on assets with direct operation or higher returns.
A new cycle for Vår and Orlen
With this acquisition, Vår Energi and Orlen Upstream Norway reinforce their presence on the Norwegian Norwegian continental shelf The acquisition will expand their portfolio with fields that could recover value in the framework of the PPF project. Both companies aim to consolidate their position as key players in the management of marginal or reactivable fields.
This move is part of a broader trend of renewing and optimizing the hydrocarbon portfolio in the North Sea, where energy majors are ceding space to firms with more specialized or flexible operating models.
Norway remains a relevant hub
Since its discovery in 1969, Ekofisk has been a key part of the Norwegian petroleum story. Its adaptability, with water reinjection and new development phases, such as Ekofisk II and Eldfisk II, demonstrates the life extension potential of these assets. The renewal of the license until 2048 underlines their long-term strategic relevance.
TotalEnergies, with operations in more than 120 countries, continues to align its global portfolio with profitability and sustainability criteria. The partial exit of non-operated fields in Norway is a reflection of this approach, without signifying a withdrawal from the Scandinavian country, where the company maintains a consolidated position.
Source and photo: TotalEnergies
