Neptune to Present Plan for Duva, Gjøa P1

Published

Gjøa is a semi-submersible platform in the Northern North Sea (Photo: Jan Inge Haga / Neptune Energy)
Gjøa is a semi-submersible platform in the Northern North Sea (Photo: Jan Inge Haga / Neptune Energy)

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)

Current News

ECIT Global Launches New Suite of Safety Courses

ECIT Global Launches New Suite

From Fixtures to Values: Where the Jackup Recovery Is Already Being Priced

From Fixtures to Values: Where

Hill v. Jackson Offshore and the Delegation Clause

Hill v. Jackson Offshore and t

NextFloat Floating Wind Pilot Clears Key Spanish Regulatory Hurdle

NextFloat Floating Wind Pilot

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine