Gjøa expansion given green light
Published by Nicholas Woodroof,
Operator Neptune Energy estimates the project will add 2.4 million m3 of oil equivalent (15 million bbl o.e.) from Gjøa.
Gjøa is a gas and oil 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.
According to the operator, the project has a cost of approximately NOK4 billion. Neptune Energy expects start-up in January 2021.
PL 153 is the production licence.
“Further development of the P1 segment in Gjøa results in additional resources and increased values for Gjøa, and contributes to good utilisation of the production capacity and infrastructure in the area,” said Arvid Østhus, the NPD’s Assistant Director Development and Operations – North Sea.
Neptune Energy’s Director of Projects and Engineering in Norway, Erik Oppedal said: “Gjøa P1 is a strategically important development for Neptune, supporting our growth plans for Norway and we look forward to start-up in the first quarter of 2021. The Gjøa P1 development will enable us to recover significant quantities of oil and gas by drilling new wells in deeper-lying reservoirs. The P1-segment will add 2.4 million standard cubic metres of oil equivalent (15 million bbl o.e.) to Gjøa, as well as strengthen Gjøa’s position as a major hub in the Northern North Sea, further extending the operating life of the platform.”
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/21122020/gja-expansion-given-green-light/
You might also like
Significant UK gas reserves used through flaring and venting
The UK has lost about 13 billion cubic metres (bcm) of indigenous gas reserves through flaring and venting over the past 10 years, exposing oil and gas operators to £2.6 billion in lost gas sales and £1 billion in Emissions Trading System (ETS) payments.