Neptune Energy and its partners announced a new commercial discovery at the Ofelia exploration well (PL 929), close to the Gjøa field in the Norwegian sector of the North Sea.
Neptune has completed drilling of the Ofelia well, 35/6-3 S, and encountered oil in the Agat formation. The preliminary estimate of recoverable volume is in the range of 16 to 39 million BOE. In addition to the Agat volumes, north of the well there is an upside of around 10 million BOE recoverable gas in the shallower Kyrre formation, which brings the total recoverable volume to approximately 26 to 49 million BOE.
Located 15 km north of the operated Gjøa platform, at a water depth of 344 m, Ofelia will be considered for development as a tieback to Gjøa, in parallel with the company’s recent oil and gas discovery at Hamlet. The Ofelia well, drilled by Odfjell-operated semisubmersible Deepsea Yantai, confirmed an oil/water contact at 2639 m total vertical depth.
It is the third discovery by Neptune Energy in the Agat formation, a reservoir which until recently was not part of established exploration models on the Norwegian Shelf. The first was at the Duva field, which is now onstream and being operated by Neptune. The second was the company’s discovery at Hamlet, with estimated recoverable volumes between 8 and 24 million BOE.