Further development of Gjøa yields additional resources of around 15 million barrels of oil equivalent. (illustration: Neptune Energy)
The Norwegian Petroleum Directorate has approved the start-up of a subsea installation with two new wells on the Neptune Energy-operated Gjøa field in the North Sea, off Norway.
Neptune Energy estimates the project will add 2.4 million standard cubic meters of oil equivalent (15 million bbls o.e.) from Gjøa.
Gjøa is an oil and gas field located off the coast of Florø. The new wells are linked to the P1 segment, one of seven segments on the field.
"Continued work on Gjøa resulted in the licensees submitting an application for exemption from a Plan for development and operation (PDO) for the P1 segment in February 2019. A four-slot well template has been put into place and two wells have been drilled," NPD said.
According to the operator, as cited by NPD, the project has a cost of around NOK 4 billion (USD 466 million). Neptune Energy expects a start-up in January 2021.
“Further development of the P1 segment in Gjøa results in additional resources and increased values for Gjøa, and contributes to good utilization of the production capacity and infrastructure in the area,” said Arvid Østhus, the NPD’s Assistant Director Development and Operations – North Sea.
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