• 2019 June 27 09:32

    Neptune Energy confirmes its development plans for the Duva and Gjøa P1 projects in the North Sea

    Neptune Energy confirmed its development plans for the Duva (PL636) and Gjøa P1 (PL153) projects in the North Sea have been approved by Norwegian authorities.

    First production from the projects is expected in late 2020 with total recoverable resources estimated to be 120 million barrels of oil equivalent (boe) (maximum production is expected to be respectively 30,000 boe from Duva and 24,000 boe from Gjøa P1).

    The fields will be developed through subsea tie-backs connecting two templates to the nearby Gjøa platform, operated by Neptune Energy Norge.

    On behalf of the licence owners, Neptune Energy submitted development plans for the Duva (PL636) and Gjøa P1 (PL153) projects to Norwegian authorities on 21 February this year.

    The Plan for Development and Operation (PDO) of the Duva field was submitted on behalf of the Duva partnership, which consists of Idemitsu Petroleum Norge (30%), Pandion Energy (20%), Wellesley Petroleum (20%) and Neptune Energy (30% and Operator). Duva’s recoverable resources are estimated to be 88 million boe and it’s expected to yield around 30,000 boe per day at maximum production. Developed with a four-slot subsea template, the Duva field will be tied back to the Gjøa platform for processing and export. The field will have three production wells, two oil producers and one gas producer, with the potential for an additional oil well.

    As the P1 segment was already covered by the development plan for the Gjøa field, an application for exemption from PDO was submitted on behalf of the Gjøa licence partners, consisting of Petoro (30%), Wintershall (20%), OKEA (12%), DEA (8%) and Neptune Energy (30% and Operator). P1’s recoverable resources are estimated to be 32 million boe and it is expected to yield around 24,000 boe per day at maximum production.

    The subsea tie-backs will be delivered by TechnipFMC utilising the Neptune Subsea Alliance Agreement, the drilling operations will be undertaken by Odfjell and topside modifications completed by Rosenberg Worley.

    About Neptune Energy Norge AS

    Neptune Energy Norge is a subsidiary of Neptune Energy. The company is the operator of the Gjøa field in the North Sea. It has three operated development projects: Fenja, Duva and P1. The Company is a partner in several producing fields: Bauge (under development), Brage, Draugen, Fram, Gudrun, Hyme, Ivar Aasen, Njord and Snøhvit. Neptune Energy Norge is a participant in a total of 75 licences. For the full year 2018, Neptune produced 77.8 thousand boe per day in Norway.

    About Neptune Energy

    Neptune Energy is an independent global E&P company with operations across the North Sea, North Africa and Asia Pacific. Neptune had production of around 160 thousand net boe per day in 2018 and 2P reserves at 31st December 2018 of 638 million boe. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners.




2019 November 22

18:26 CMA CGM announces GRR from Asia to South Africa
18:06 CMA CGM announces FAK rates from Asia to Red Sea
17:51 Another stage of quay modernisation completed at the Port of Gdansk
17:35 RINA signs an agreement with VRMedia to use Kiber system
17:24 RF Transport Ministry counts on 'regulatory guillotine’ to cancel overlapping and obsolete requirements
17:05 Royal IHC builds an integrated 550t reel lay system for Shanghai Salvage
16:35 Damen Oskarshamnsvarvet signs EPC contract with Swedish Coastguard
16:05 APM Terminals introduces industry-leading application monitoring solution
15:42 Igor Belousov, rescue ship of RF Navy's Pacific Fleet, to participate in Russian-Vietnamese exercise
15:40 Damen Road Ferry 6819 E3 launched at Damen Shipyards Galati
15:18 ESPO wins GREEN4SEA – EUROPORT Initiative Award for EcoPorts’ environmental standard
14:49 Moscow Basin IWW carried 1.4 million people and 26 million tonnes of cargo in navigation season of 2019
14:05 Singapore to host Asia Pacific Maritime conference (APM 2020) on March 18-20
13:43 Maritime experts gather for a discussion on Vietnam’s maritime future ahead of APM 2020
13:16 ASCO represented at “Caspian Ecology 2019” exhibition
12:50 New container ship added to FESCO fleet
12:24 International Chamber of Shipping opens China Liaison Office in Hong Kong
12:01 World Maritime University contributes to deep seabed mining discussions
11:37 RS Rules Update: new approval scheme for marine equipment
11:08 GTT Training installs its G-Sim LNG Carrier and Fuel Gas Handling and Bunkering Simulator in MTC Hamburg
10:59 Russia will support IMO Secretary-General Kitack Lim as a candidate for the next period
10:30 Bunker prices decrease at the port of Saint-Petersburg, Russia (graph)
10:08 Fincantieri starts dry dock works on “Ryndam” in Marghera
10:03 MABUX: Bunker market this morning, Nov 22
09:55 PortNews-TV launches regular video reviews of industry-related events
09:46 Brent Crude futures price is down 0.5% to $63.65, Light Sweet Crude – down 0.65% to $58.2
09:27 Baltic Dry Index is down to 1,255 points
09:08 Machulez KG coordinates the large scale logistics project at the port of Cuxhaven
08:11 Maersk Tankers is set to increase its managed fleet by 11 tankers

2019 November 21

18:01 Diana Shipping announces direct continuation of time charter contract for m/v Polymnia with Cargill
17:50 Freeport of Riga Authority and province of Corrientes sign Protocol of Agreement to facilitate growth of Riga and Corrientes ports
17:23 Training ship Perekop of RF Navy’s Baltic Fleet takes course from Sri Lanka to Sevastopol
17:00 Two Sendo Liners to be entering the port of Amsterdam emission-free by 2020
16:45 Severnaya Verf lays down fourth processing trawler of Project 170701 for Norebo Group
16:28 Star Bulk reports Q3 net profit of $5.8 million
16:00 MacGregor secures complete piggy-back hatch cover order from Fincantieri Bay Shipbuilding
15:46 Danfoss Editron appoints Erno Tenhunen as new Marine Director
15:31 ECOsubsea gains further foothold in major European ports to become benchmark for sustainable effective hull cleaning
15:17 Baltic Sea Ports Administration reports readiness of 6 line and 7 port icebreakers for winter navigation season
15:00 Chart Industries joins SEA\LNG coalition
14:38 Orolia Maritime unveils new PLB with Return Link System for 2020
14:21 Amsterdam, the Netherlands, to host 8th edition of ACI’s Ship Recycling Congress on 29-30 January 2020
14:09 Nexans to provide the 225 kV power export cables for one of the biggest offshore wind projects in France
13:50 Bunker market in the Far East ports of Russia sees mixed price movements (graph)
13:28 Singapore’s First Women in Shipping Summit to be held on 20-21 April 2020
13:27 Oldendorff Carriers signs agreement with MIT on ship design
13:09 ZIM posts Q3 2019 results
12:46 5th Singapore Maritime Technology Conference to be held on 21-23 April 2020
12:35 Proman Stena Bulk and GSI sign deal for new methanol tankers
12:09 Port of Zeebrugge and Yugo sign MOU for cooperation in Lingang Overseas Modern Industrial Park
11:57 Nobel Brothers Shipyard launches small refrigerating trawler of Project Т30В, Vympel
11:09 MOL to build Japan's 1st LNG-fueled ferries : Sunflower Kurenai and Sunflower Murasaki
10:43 DNG Energy to commence LNG bunkering operations from Algoa Bay next year
10:09 Fincantieri and Ponant sign an MOA for the construction of 2 new-generation cruise ships
09:51 Container throughput of port Hong Kong (China) down 6.2% to 15.27 million TEUs in Jan-Oct’2019
09:39 MABUX: Bunker market this morning, Nov 21
09:33 Brent Crude futures price is down 0.32% to $62.2, Light Sweet Crude – down 0.25% to $56.87
09:17 Baltic Dry Index is down to 1,260 points
08:29 Port of Hamburg cargo throughput grows 3.2 percent to 104 million tons in first three quarters of 2019

2019 November 20

18:10 FESCO provided transportation of nuclear submarines’ blocks and tanker from Kamchatka Territory to decommissioning site in Primorye