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.