Neptune Energy Confirms Calypso Find in the Norwegian Sea

The well is the operator’s third discovery over the past 6 months in the region.

Deepsea Yantai offshore oil platform.
Deepsea Yantai.

Neptune Energy and its license partners have made a new discovery at the Calypso exploration well (PL938) in the Norwegian Sea. Preliminary estimates are between 1.0 and 3.5 million standard cubic meters of recoverable oil equivalents, corresponding to 6–22 million BOE. Calypso is Neptune Energy’s third discovery in 6 months on the Norwegian Continental Shelf.

“Initial analysis of Calypso indicates commercial potential,” said Odin Estensen, managing director for Neptune Energy in Norway and the UK. “Together with our partners in the Calypso license we will now study options to effectively develop the discovery using nearby infrastructure.”

The Calypso discovery is located within one of Neptune’s core areas, 14 km northwest of the Draugen field and 22 km northeast of the Njord A platform.

Well 6407/8-8S was drilled by semisubmersible Deepsea Yantai to a vertical depth of 3496 m and encountered an estimated 8-m-thick gas column and 30-m-thick oil column in a 131-m-thick Garn formation sandstone reservoir of good quality.

Neptune Energy operates Calypso and holds a 30% working interest. Other stakeholders include OKEA ASA (30%), Pandion Energy AS (20%), and Vår Energi ASA (20%).