Neptune Energy makes double discovery in the North Sea

Isbel Lázaro.

Neptune Energy

Neptune Energy , in collaboration with its partners, has announced a notable gas discovery at the Kyrre prospect and confirmed volumes for the Ofelia appraisal well, both located near the Gjøa field in the Norwegian North Sea region.

The Ofelia appraisal well, 35/6-4 ST2, in the Agat formation, was successfully completed by Neptune, with an estimate of a recoverable volume varying between 16 and 33 million barrels of oil equivalent (mmboe). Simultaneously, a diversion, 35/6-4 A, to the overlying Kyrre prospect resulted in a new gas discovery, with estimated recoverable resources between 11 and 19 mmboe of gas. The combined recoverable volume of both discoveries is approximately 27-52 mmboe.

Neptune Energy CEO for Norway and the UK, Odin Estensen, underlined the importance of confirming the volume of Ofelia and making an additional discovery nearby, reinforcing the understanding of the Gjøa metropolitan area and positioning it as a growth center key for the company in Norway. These dual findings present the opportunity for potential rapid, economical and low-carbon development.

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Located 23 km north of the Gjøa platform operated by Neptune, Ofelia Agat and Kyrre are being considered for joint development as links to Gjøa. Additionally, the company is exploring the feasibility of jointly developing Gjøa Nord (Hamlet), an oil and gas discovery with estimated recoverable volumes between 8 and 24 million barrels of oil equivalent (mmboe).

The management of Neptune Energy

The Gjøa platform, managed by Neptune, is distinguished by its electrification with energy from the coast, resulting in an average carbon intensity of less than half that recorded in typical fields on the Norwegian continental shelf. This commitment to sustainability reflects Neptune’s orientation toward low-carbon development in the region.

Steinar Meland, Director of Exploration and Development at Neptune in Norway, highlighted the exceptional reservoir quality at the Kyrre discovery, which allows for high production rates. With the anticipation of several exciting exploration opportunities in the area, such as the upcoming Cerisa well, Neptune remains at the forefront of advancing energy exploration and development in the North Sea.

The successful drilling operations of wells 35/6-4 ST2 and 35/6-4 A were carried out by the Deepsea Yantai semi-submersible rig, which is owned by CIMC and operated by Odfjell Drilling. Participants in the project include operator Neptune Energy (40%), Wintershall Dea (20%), Pandion Energy (20%), Aker BP (10%) and DNO (10%).

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