Neptune Energy ramps up Gjøa platform production

Neptune Energy increased production from its Gjøa platform in the Norwegian North Sea by two million barrels of oil equivalents (boe) between 2020 and 2021, the company said on Wednesday.

Gross production over the Gjøa platform ended at 42 million boe in 2021, compared with 40 million boe in 2020. Around 76 percent of the production was gas, all of which is exported through the FLAGS pipeline to the St. Fergus Gas Terminal in the UK, the company said in a statement.

“Our ambition to develop the Gjøa platform into a host facility and a hub for nearby discoveries has succeeded. This has not only prolonged the life of the Gjøa platform itself but has resulted in far higher value creation than expected at start-up,” Neptune Energy’s Head of Operations in Norway, Martin Borthne, said in the statement.

The increased production was due mainly to production start-up from the Gjøa P1 infill development in February and the Duva field tie-back in August. In addition, production from the tie-back field Vega, operated by Wintershall Dea, and the Gjøa field itself, has been better than expected, the company said.

Estimated reserves on the Gjøa field have increased by 38 percent since the Plan for Development and Production was approved in 2007.