Exploration/discoveries

Neptune Energy Increases Production From Gjøa Platform

Additional tie-back opportunities should move even more volumes through the facility.

Gjoa platform.

Production from the Neptune Energy-operated Gjøa platform in the Norwegian North Sea increased by 2 million 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. Just over three-quarters (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 startup from the Gjøa P1 infill development in February and the Duva field tieback in August. In addition, production from the tieback 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 expects to add a fourth tie-in field to the Gjøa facilities—Wintershall Dea’s Nova field. In addition, the operator plans to drill two exploration wells in the area and will continue to mature other nearby discoveries and exploration opportunities as tie-in candidates.