Neptune Sinks Norwegian Appraisal Well
North Sea-focused Neptune Energy has started drilling a new well at the Fenja oil and gas field in the Norwegian North Sea, it said on September 8.
The well will appraise the field's Bue discovery and act as a pilot for the location of Fenja's production and injection wells, Neptune said, while also enabling the company to learn more about the Frisbee prospect.
"This is a very exciting and important well for Neptune and the Fenja licence and further demonstrates Neptune's commitment to investing in this region, which is a strategically important part of our geographically-diverse and gas-weighted global portfolio," Neptune's director for exploration and production in Norway, Steinar Meland, said.
Fenja comprises the Pil and Bue discoveries. Pil is to be developed first with two subsea templates tied back to the Njord A platform. Six wells will be drilled including three for oil production, two for water injection and one for gas injection. Production is slated to start in 2021 and run for 16 years.
If the drilling campaign at Bue yields good results, it too will be brought on stream using one production well and one water injection well. The find could deliver an extra 20mn barrels of oil equivalent, Neptune said. Fenja holds 68.6mn barrels of oil and 3.4bn m3 of gas, according to Norway's oil ministry.