Neptune Energy Increases Production from Gjoa Platform

Source: www.gulfoilandgas.com 1/26/2022, Location: Europe

Neptune Energy announced that production from its operated Gjoa platform in the Norwegian North Sea increased by two million barrels of oil equivalents (boe) from 2020 to 2021.

Gross production over the Gjøa platform ended on 42 million boe in 2021, compared with 40 million boe in 2020. 76% of the production was gas, all of which is exported through the FLAGS pipeline to the St. Fergus Gas Terminal in the UK.

The increased production was due mainly to production start-up from the Gjoa P1 infill development in February and the Duva field tie-back in August. In addition, production from the tie-back field Vega, operated by Wintershall Dea, and the Gjøa field itself, has been better than expected. Estimated reserves on the Gjøa field have increased by 38% since the Plan for Development and Production was approved in 2007.

Neptune Energy’s Head of Operations in Norway, Martin Borthne, said: “Our ambition to develop the Gjoa platform into a host facility and a hub for nearby discoveries has succeeded. This has not only prolonged the life of the Gjoa platform itself, but has resulted in far higher value creation than expected at start-up. Successful utilisation of the Gjoa infrastructure as a hub is further seen as a critical enabler for continued exploration and development in this part of the North Sea.”

Borthne added: “This year we expect to bring on stream a fourth tie-in field to the Gjøa facilities - Wintershall Dea’s Nova field. In addition, we plan to drill two exploration wells in the area and continue to mature other nearby discoveries and exploration opportunities as tie-in candidates. We have high expectations that the Gjoa hub will be in operation to 2040 and continue to create value in this area of the North Sea for many years to come.”

Electrified with hydropower from shore, carbon emissions from the Gjoa platform are 3kg CO2/boe, less than half the average on the Norwegian Continental Shelf.*

Licence partners:
Gjoa: Neptune Energy (operator, 30%), Petoro (30%), Wintershall Dea Norge (28%), OKEA (12%)
Vega: Wintershall Dea Norge (operator, 56,7%), Petoro (31,2%), Spirit Energy (5,5%), Neptune Energy (3,3%), Idemitsu Petroleum (3,3%)
Duva: Neptune Energy (Operator, 30%), Idemitsu Petroleum Norge (30%), PGNiG Upstream Norway (30%), Sval Energi (10%)


Norway >>  5/20/2022 - Preliminary production figures for April 2022 show an average daily production of 1 871 000 barrels of oil, NGL and condensate.

Total gas ...

Cameroon >>  5/19/2022 - Victoria Oil & Gas Plc , whose wholly owned subsidiary, Gaz du Cameroun S.A . ("GDC"), is the onshore gas producer and distributor with operations lo...

United Kingdom >>  5/19/2022 - Hurricane Energy plc, the UK based oil and gas company, provides an update on Lancaster field operations and net free cash balances as of 30 April 202...
United States >>  5/17/2022 - Canadian Overseas Petroleum Limited ("COPL" or the "Company"), an international oil and gas exploration, production and development company with produ...

Russia >>  5/16/2022 - PAO NOVATEK (“NOVATEK”) announces that the Company's subsidiary OOO NOVATEK-Yurkharovneftegas has started pilot production from gas condensate deposit...
United Kingdom >>  5/16/2022 - Union Jack Oil plc (UJO), a UK focused onshore hydrocarbon production, development and exploration company, is pleased to announce its audited results...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.