Neptune ramps up flow at Gjoa gas platform
Production at the Gjoa platform in the Norwegian North Sea rose by 2mn barrels of oil equivalent to 42mn boe last year on the back of new project launches, operator Neptune Energy reported on January 26, .
Neptune attributed the growth to the start-up of the Gjoa P1 infill development in February last year, followed by the commissioning of the Duva tie-back field in August. Output at another tie-back deposit, Vega, was also better than expected, the company said.
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Gjoa started delivering gas and liquids in 2010. Neptune operates the field with a 30% interest, while Petoro has 30%, Wintershall Dea has 28% and OKEA has 12%. The field's production last year was 76% natural gas, which is delivered to the St Fergus gas terminal in the UK via the FLAGS pipeline.
"Our ambition to develop the Gjoa platform into a host facility and a hub for nearby discoveries has succeeded," Neptune's head of operations in Norway, Martin Borthne, commented. "This has not only prolonged the life of the Gjoa platform itself, but has resulted in far higher value creation than expected at start-up."
Since the development plan for Gjoa was filed in 2007, its estimated reserves have risen by 38%, Neptune said. A fourth tie-in project, the Wintershall Dea-operated Nova field, is due to be brought on stream later this year, and Neptune plans to drill two exploration wells in the area while maturing other nearby fields.
"We have high expectations that the Gjoa hub will be in operation to 2040 and continue to create value in this area of the North Sea for many years to come," Borthne said.