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    Neptune Starts On Norwegian Field Templates


First production is expected in late 2020.

by: Joseph Murphy

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Natural Gas & LNG News, Europe, Premium, Corporate, Exploration & Production, News By Country, Norway

Neptune Starts On Norwegian Field Templates

London-based Neptune Energy has launched work on an integrated subsea template (ITS) at the Duva oil and gas field in the Norwegian North Sea, the company revealed on social media on July 30.

Depending on weather conditions, the ITS is expected to take five days to install, it said.

“By installing the ITS now, we are on track for undertaking drilling later this year, leaving us well positioned to reach first oil in the fourth quarter of 2020,” the managing director of Neptune’s Norwegian arm, Odin Estensen, commented.

A development plan for Duva was approved by Norwegian authorities in late June, targeting an estimated 88mn boe of recoverable oil and gas. Duva’s ITS will host two or three oil wells and one gas well, tied back to the Gjoa platform for processing and export.

The field is slated to flow 30,000 boe/day of hydrocarbons, including around 130mn m3/yr of gas. Neptune owns a 30% stake in the project, while its partners include Idemitsu Petroleum Norge (30%), Pandion Energy (20%) and Wellesley Petroleum (20%). The latter agreed earlier this month to offload its interest to Poland’s PGNiG, which is hoping to use Duva’s gas to help fill its Baltic Pipe.