Neptune Energy will double gas production from the Duva field in the Norwegian sector of the North Sea, as local authorities look to boost supplies to the UK and Europe.
The UK government has shared its long-delayed Energy Security Strategy, and it provides the signal North Sea investors needed. The UK Continental Shelf can once again be an attractive investment destination.
Ongoing demand and high commodity prices have seen annual state revenues in Norway from oil and gas rise to historic levels.
Neptune Energy today announced the start-up of production from the Duva development in the Norwegian sector of the North Sea.
Stronger oil and gas prices brought North Sea operator Neptune Energy back to profits in the first half of 2021.
Higher oil and gas prices, tax refunds and “tight cost control” helped Neptune Energy overcome a drop in production to lift its profits by two-thirds in the first quarter.
Operator Neptune Energy and its partners today announced drilling has begun on four production wells on the Duva field in the Norwegian sector of the North Sea.
Oil and gas firm Neptune Energy has had its development plans for its Duva and Gjoa projects in the North Sea approved by Norwegian authorities.
Neptune Energy has chosen Rosenberg Worley to modify on the Gjoa semi-submersible platform in the Norwegian North Sea.
Neptune Energy has estimated 120 million barrels of resources can be recovered from its Duva and Gjoa P1 projects in the Norwegian North Sea.