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ConocoPhillips cancels $2.1 billion Tommeliten Alpha gas and condensate project

ConocoPhillips cancels $2.1 billion Tommeliten Alpha gas and condensate project

OSLO: Oil major ConocoPhillips has decided to cancel its 17 billion crown ($2.1 billion) Tommeliten Alpha gas and condensate development in the Norwegian sector of the North Sea, Stavanger Aftenblad reported.

Discovered in 1977 and dormant for decades, the licence decided in 2014 to tie Tommeliten Alpha into the Ekofisk complex, the Norwegian Petroleum Directorate said earlier.

They were expected to submit a development plan in early 2016.