Neptune to Present Plan for Duva, Gjøa P1

Thursday, February 21, 2019

Operator Neptune Energy will on Thursday present investment plans for two Norwegian oil and gas fields, the country's energy ministry said in a statement on Wednesday.

The plan for Duva (previously known as Cara) and Gjoea P1 amount to almost 10 billion crowns ($1.16 billion), with an aim of producing a combined 120 million barrels of oil equivalents.

The discoveries will be tied in to the already existing Gjøa platform, the ministry said.

($1 = 8.5910 Norwegian crowns)

(Reporting by Terje Solsvik, editing by Gwladys Fouche)

Categories: Engineering Europe Production Design

Related Stories

Petrofac Confirms Capex, Jobs, Salaries Cuts

Oceaneering to Prepare Seabed for Moray East Wind Farm

What Do You Do When You Drop a BOP?

Current News

MHI Vestas Eyes Further Asia Pacific Growth. Appoints Regional Manager

Contract Extension for Petrojarl Knarr FPSO

EnQuest Cuts Costs Further. Lowers Breakevent to $33 a Barrel

Ocean Installer Charters Island Victory for Barents Sea Work

Subscribe for OE Digital E‑News