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EKOFISK REDEVELOPMENT PLAN CHRONOLOGY

Nov. 21, 1994

This is a list of main events in the Phillips Petroleum Co. group's Ekofisk field redevelopment plan. Oct. 8 The Norwegian Petroleum Directorate (NPD) announces it may order Phillips to shut down its main oil and gas processing tank in Ekofisk field by the winter of 1995-96 due to safety concerns over seabed subsidence. Oct. 1 30-Phillips proposes to NPD a series of measures designed to provide continued long term safety and reliability of Ekofisk's oil and gas processing and

This is a list of main events in the Phillips Petroleum Co. group's Ekofisk field redevelopment plan.

1992

Oct. 8 The Norwegian Petroleum Directorate (NPD) announces it may order Phillips to shut down its main oil and gas processing tank in Ekofisk field by the winter of 1995-96 due to safety concerns over seabed subsidence.

Oct. 1 30-Phillips proposes to NPD a series of measures designed to provide continued long term safety and reliability of Ekofisk's oil and gas processing and transportation operation.

Nov. 18-NPD responds to the Phillips proposals. Key elements of the response:

NPD, which was considering the 1995-96 shutdown of the Ekofisk tank, says it will "defer evaluation of the time of a permanent shutdown," depending upon Phillips' plan to preserve Platform 2/4T.
NPD presses for tighter dead-lines on proposed interim and long term safety measures. Phillips is required to submit a binding plan containing interim safety measures by Feb. 1, 1993, and a long term plan no later than July 1, 1993.

1993

Feb. 1 -Phillips submits its binding plan of interim safety measures to NPD.

July 1 - Phillips submits to NPD its plan designed to maintain long term safety and reliable operation of the Ekofisk oil and gas processing and transportation system. The plan calls for new development of Ekofisk, with construction of a new platform and transportation and processing system. The new development is named Ekofisk II

Dec. 31-Phillips submits a plan for development and operation to the Norwegian Ministry of Industry & Energy (MIE). The plan provides technical and commercial details.

1994

Mar. 15-Phillips submits a revised plan for redevelopment and operation to MIE. The amended plan, called Ekofisk IIA, is the result of further technical studies and the government's objection to certain aspects of the Ekofisk II plan. The modified plan proposes making greater use of the existing Ekofisk infrastructure in accordance with Norwegian safety requirements.

June 17-Phillips and MIE reach a tentative agreement on the Ekofisk IIA plan. The plan goes to the Norwegian parliament (Storting).

Nov. 9-Storting approves the revised Ekofisk redevelopment plan, Ekofisk IIA.

Issue date: 11/21/94