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SAFETY4SEA

Neptune Energy gets approval for two North Sea projects

by The Editorial Team
June 26, 2019
in Offshore
Neptune Energy gets approval for two North Sea projects
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Exploration company Neptune Energy Norge announced that it has received approval on its development plans for the Duva (PL636) and Gjøa P1 (PL153) projects in the North Sea.

The company submitted development plans for the Duva (PL636) and Gjøa P1 (PL153) projects to Norwegian authorities on 21 February this year.

First production from the projects is expected in late 2020 with total recoverable resources estimated to be 120 million barrels of oil equivalent (boe).

Maximum production is expected to be respectively 30,000 boe from Duva and 24,000 boe from Gjøa P1.

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The fields will be developed through subsea tie-backs connecting two templates to the nearby Gjøa platform, operated by Neptune Energy.

The Plan for Development and Operation (PDO) of the Duva field was submitted on behalf of the Duva partnership, which consists of Idemitsu Petroleum Norge (30%), Pandion Energy (20%), Wellesley Petroleum (20%) and Neptune Energy (30% and Operator).

Duva’s recoverable resources are estimated to be 88 million boe and it is expected to yield around 30,000 boe per day at maximum production.

Developed with a four-slot subsea template, the Duva field will be tied back to the Gjøa platform for processing and export.

The field will have three production wells, two oil producers and one gas producer, with the potential for an additional oil well.

As the P1 segment was already covered by the development plan for the Gjøa field, an application for exemption from PDO was submitted on behalf of the Gjøa licence partners, consisting of Petoro (30%), Wintershall (20%), OKEA (12%), DEA (8%) and Neptune Energy (30% and Operator).

P1’s recoverable resources are estimated to be 32 million boe and it is expected to yield around 24,000 boe per day at maximum production.

Neptune Energy gets approval for two North Sea projectsNeptune Energy gets approval for two North Sea projects
Neptune Energy gets approval for two North Sea projectsNeptune Energy gets approval for two North Sea projects
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