Offshore staff
LONDON – Neptune Energy has confirmed a commercial oil discovery in the Dugong prospect in the Norwegian North Sea.
According to the company, wells 34/4-15 S and down-dip side track 34/4-15 A – the first on license PL882 – have delivered the largest oil discovery so far this year in Norwegian waters.
Drilling proved oil in the Viking and Brent Groups, with estimated recoverable volumes in the range 40-120 MMboe.
In addition, the discovery has de-risked another prospect in the license which the company believes could hold 33 MMboe recoverable, lifting the total resource potential in the license to 153 MMboe.
Neptune operates with a 40% interest, in partnership with Concedo, Petrolia NOCO, and Idemitsu Petroleum Norge (all 20%).
Odin Estensen, managing director in Norway, said: “This is a significant discovery and strategically important for Neptune Energy in this region.
“Dugong may also open up additional opportunities in the surrounding licenses, with the potential for a new core area for Neptune in Norway.”
Steinar Meland, director of Exploration & Development in Norway, added: “The discovery gives new and valuable understanding of the subsurface in this part of the Tampen area…
“We will now initiate studies, as well as consider development options for the discovery.”
The field is 158 km (98 mi) west of Florø in a water depth of 330 m (1,082 ft), and is close to existing production facilities. It comprises two reservoirs at a subsurface depth of between 3,250 and 3,500 m (10,663 and 11,483 ft).
Dugong was drilled by the semisubmersible Deepsea Yantai, a new semisubmersible rig, owned by CIMC and operated by Odfjell Drilling. The well will be P&A’d.
08/04/2020
