• 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 September 15

11:21 IMCA to introduce CPD scheme for diving supervisors
10:51 L3Harris Technologies delivers new advanced autonomous vehicle capability to UK’s Defence Science and Technology Laboratory

2019 September 14

15:29 Coast Guard reopens Houston Ship Channel after protest demonstration
13:39 Crondall Energy partners with Pharis Energy on innovative Pilot Field development
12:08 Prysmian's new cable-laying vessel Leonardo da Vinci scheduled for delivery in 2Q 2021
10:32 Woodside invests in emerging technology for seismic data acquisition

2019 September 13

18:06 Sture terminal situation normalised
17:47 Malaysia encourages gender diversity in the maritime industry
17:24 Multipurpose ship of Project MPSV12, Kalas, successfully completed sea trials
17:06 Frontline extends expiry date of first option for two Trafigura Suezmax tankers
16:30 ABP to welcome Royal Navy’s HMS Grimsby into Port of Grimsby
16:25 Wärtsilä Aquarius UV Ballast Water Management System chosen for retrofitting to four Korean vessels
16:05 Multi Modal Rail B.V. (MMR) launches rail service between Rotterdam and Ottmarsheim, France
15:48 ABP and WISTA UK host 'Women in Maritime' reception during LISW
15:09 Shearwater GeoServices awarded large South America survey
14:26 ABB enables emissions-free port stay in Marseille for Corsica Linea ferries
14:09 Start of the project “Dredging the Nieuwe Diep – Port of Den Helder”
13:45 First ever ABB electric propulsion to be installed on board a bulk carrier
13:20 Port of Oakland opens peak season with cargo volume growth
12:47 Throughput of port Kavkaz in 8M’2019 fell by 30% Y-o-Y to 22.35 million tonnes
12:09 MOL starts demonstration test of vessel image recognition system using AI technology on Nippon Maru
11:28 RS introduces new requirements into Part I of Rules for Classification and Construction of Sea-Going Ships
11:09 Rolls-Royce achieves 50th MT30 production milestone
10:42 In August, Klaipėda LNG Terminal regasified 1.4 times more gas than was consumed in the entire country
10:09 Port of Long Beach cargo volumes hit 663,992 TEUs in August 2019
10:04 Port Napier, NZ, places order for Damen ATD Tug 2412
09:51 Bunker market sees mixed price movements at the port of Saint-Petersburg, Russia (graph)
09:34 Brent Crude futures price is down 0.28% to $60.21, Light Sweet Crude – down 0.24% to $54.96
09:16 Baltic Dry Index is down to 2,331 points
09:10 Antwerp and Rotterdam Port Authorities ask new European Commission and Parliament to focus on the economic significance of ports
09:03 MABUX: Bunker market this morning, Sept 13

2019 September 12

18:12 Throughput of port Kaliningrad in Jan-Aug’2019 fell by 21% Y-o-Y to 7.60 million tonnes
17:51 Throughput of port Vyborg in Jan-Aug’2019 fell by 30% Y-o-Y to 810,300 tonnes
17:27 Throughput of port Vysotsk in Jan-Aug'2019 climbed by 6% Y-o-Y to 12.75 million tonnes
16:50 Throughput of port Primorsk in Jan-Aug’2019 grew by 16% Y-o-Y to 41.57 million tonnes
16:24 Vestdavit equips Norwegian Coast Guard’s next generation for Polar boat launch and recovery
16:03 Administration and personnel of Sea Port of Saint-Petersburg sign new Collective Agreement
15:45 SCF Group and NYK Line sign USD 176 million credit facility for eight years with three leading international banks
15:24 Towing and supplying vessel of Azerbaijan Caspian Shipping Company put back into operation
14:46 FESCO new vessel started working on a regular sea line connecting Magadan and Primorski Krai
14:24 Equinor gets consent for exploration drilling in the Barents Sea
14:02 GTT supports 3rd Conference “LNG Fleet and LNG Bunkering in Russia” as its sponsor
13:43 Volvo Penta’s latest D6 propulsion package set new standards for high-speed vessels
13:23 Eagle Bulk Shipping takes delivery of M/V Dublin Eagle
13:11 Bunker prices are flat at the Far East ports of Russia (graph)
12:50 UK Government backs cutting-edge tech to drive down shipping emissions
12:29 Super-efficient Wasaline ferry to get Wärtsilä Nacos Platinum navigation system
12:12 Port of Ust-Luga handled 69.96 million tonnes in 8M’19, up 7% Y-o-Y
11:47 LNG production and shipment facility in Kaliningrad Region to be launched before the end of 2019
11:24 Throughput of Russian seaports in 8M'2019 grew by 2.9% to 556.3 million tonnes of cargo (detalization)
10:55 Throughput of Port St. Petersburg in 8M'2019 climbed by 2% Y-o-Y to 40.17 million tonnes
10:09 GTT receives two new orders from Hyundai Heavy Industries
09:56 Dredging at the seaway canal of Kaliningrad estimated at 30 million cbm
09:38 Baltic Dry Index is down to 2,366 points
09:17 Brent Crude futures price is up 0.76% to $61.27, Light Sweet Crude – up 0.93% to $56.27
09:09 The Gothenburg Port Authority holds early dialogue to prepare for fairway project
08:51 MABUX: Bunker Market this morning, Sept 12
08:05 CMA CGM issues THC update for import to Vladivostok, Russia

2019 September 11

18:05 Kim Heng secures Horizontal Directional Drilling contract
17:39 PORT FLEET tugs to assist nuclear-powered container carrier Sevmorput to Big Port St. Petersburg