Managing counsel | ConocoPhillips Norge
Tore Ulleberg
Managing counsel | ConocoPhillips Norge
Managing counsel | ConocoPhillips Norge
How would you advise in-house legal departments in the oil and gas sector to cope with the industry’s changes in the last five years? Over the last five years, the...
In 1969, Phillips Petroleum Company discovered oil in the Ekofisk field, part of the Norwegian Shelf and one of the most important oil fields in the North Sea to this day. A year later, Conoco was awarded the first production license on the Norwegian Shelf. When Conoco and Philips joined forces in 2002 in a deal worth over $15bn, Tore Ulleberg was involved ensuring a smooth merger of the companies’ Norwegian operations. In his current managing counsel position at ConocoPhillips Norge, Ulleberg’s scope extends to the whole of Europe and West Africa. Having worked hard in 2011 to help obtain approval from the Norwegian Parliament for two major development projects, Ekofisk South and Eldfisk II, Ulleberg was involved a year later when the merged company split its activities into two independent companies, the upstream company ConocoPhillips and the downstream company Phillips 66. In 2017, he oversaw ConocoPhillips Skandinavia’s contract for two rigs owned by North Atlantic Drilling for long-term programs in a deal worth a combined $1.4bn. With over 30 years of in-house experience in the Norwegian oil market, Ulleberg became chairman of the Legal Committee of the International Association of Oil & Gas Producers in 2008, a position which gives him an important role in overseeing and shaping the laws, regulations and international conventions to which members of the association are subject.