Latest NewsOil and GasNeptune Energy commences production on Duva development

Neptune Energy commences production on Duva development

Operator Neptune Energy and its partners Idemitsu Petroleum Norge, PGNiG Upstream Norway and Sval Energi today announced the safe and successful start-up of production from the Duva development in the Norwegian sector of the North Sea.

Duva was developed as a subsea installation with three oil producers and one gas producer, tied back to the Neptune Energy-operated Gjøa semi-submersible platform.

To maximise efficiency, Duva was executed in parallel with the Gjøa P1 development which began production in February this year.

Neptune Energy’s Managing Director in Norway, Odin Estensen, said: “Duva is an excellent example of a successful fast-track development, with production beginning less than five years after its discovery. Tied back to existing infrastructure, it has been delivered efficiently and under budget through strong collaboration with our partners and key suppliers, and is expected to have *one of the lowest CO2 emissions per produced barrel of oil equivalent (boe) on the Norwegian Continental Shelf.

“The start-up of Duva further strengthens Neptune’s position in the northern part of the North Sea, a strategically important growth area for the global business.”

Duva is located 14 km northeast of the Neptune Energy-operated Gjøa field at a water depth of 340 metres. Estimated total reserves are 71 million boe, of which 56 % is gas. It will add approximately 30 kboepd (gross) to the Gjøa facility at plateau.

Electrified with hydropower from shore, CO2 emissions per produced barrel of oil equivalent (boe) on the Gjøa platform are *less than half the average on the Norwegian Continental Shelf.

Neptune Energy’s Projects and Engineering Director in Norway, Erik Oppedal, added: “The Duva field is expected to produce for approximately 10 years and thus contribute to extending the life of the Gjøa platform.This will help lower production costs per barrel, adding significant value for licence partners and future tie-backs.”

Licence partners: Neptune Energy (30% and operator), Idemitsu Petroleum Norge (30%), PGNiG Upstream Norway (30%), Sval Energi (10%).

About Neptune Energy Group 
Neptune Energy is an independent global E&P company with operations across the North Sea, North Africa and Asia Pacific. The business had production of 142,000 net barrels of oil equivalent per day in 2020 and 2P reserves at 31st December 2020 of 601 million barrels of oil equivalent. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners. 
More information: www.neptuneenergy.com

About Neptune Energy Norge AS      
Neptune Energy Norge is a subsidiary of Neptune Energy. The company is the operator of the Gjøa field in the North Sea. It has two operated development projects: Fenja and Duva. In 2020, the company made the Dugong discovery, which is now being considered for development. The Company is a partner in several producing fields: Bauge (under development), Brage, Draugen, Fram, Gudrun, Hyme, Ivar Aasen, Njord and Snøhvit. Neptune Energy Norge is a participant in a total of 81 licences. For the full year 2020, Neptune produced 55 kboepd in Norway.

Categories:

Latest News

Norwegian Electric Systems (NES), a subsidiary of HAV Group ASA, has secured a contract with Zamakona Shipyard Bilbao to deliver a complete power package and system integration for a new live fish carrier being built for Brønnbåt Nord.

NES Secures Power System Order From Zamakona Shipyard

Norwegian Electric Systems will provide propulsion and auxiliary electric drives, power generation, switchboards and power management systems for the live fish carrier being built...
FAIRPLAY TOWAGE Group has signed a contract with Sanmar Shipyards for the construction of six new tugs as part of a major fleet modernisation and expansion programme for FAIRPLAY TOWAGE Polska.

FAIRPLAY TOWAGE Orders Six New Tugs From Sanmar

Six-vessel newbuild programme will add four harbour and terminal tugs and two high-powered offshore tugs to FAIRPLAY TOWAGE Polska’s fleet FAIRPLAY TOWAGE Group has signed...
MacGregor has secured an order from Nantong Rainbow Offshore & Engineering Equipment to equip four Commissioning Service Operation Vessels (CSOVs) with three-dimensional motion-compensated cranes and Horizon gangway systems.

MacGregor Wins Order to Equip Four New CSOVs for IWS Fleet

MacGregor will supply key offshore handling and personnel transfer systems for four Skywalker-class CSOVs joining IWS Fleet MacGregor has secured an order from Nantong Rainbow...
Pinnacle Marine (Singapore) Pte Ltd has launched BARAKA-9, a new B100-compatible aluminium utility boat built for Trans Wave Marine Services, marking the operator’s first move into harbour craft capable of running entirely on biodiesel.

Pinnacle Marine launches B100-compatible BARAKA-9

BARAKA-9 a new aluminium utility boat becomes Trans Wave’s first vessel capable of operating on 100% biodiesel Pinnacle Marine (Singapore) has launched BARAKA-9, a new...

Related news