Go-ahead for Gjøa expansion

Operator Neptune Energy estimates the project will add 2.4 million standard cubic metres of oil equivalent (15 million bbls 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 cost approx. NOK four billion. Neptune Energy expects start-up in January 2021.

Original Source: https://ocean-energyresources.com/2020/12/20/go-ahead-for-gjoa-expansion/