Bosses at Neptune Energy believe the private-equity backed firm can reach a key production milestone in the coming years while reining in spending.
Operator Neptune Energy and its partners Wintershall Dea, Petoro and OKEA today announced that production has started from the Gjøa P1 development 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.
Norway's Petroleum Safety Authority (PSA) has issued an order to Engie E& P Norge over a gas leak from a North Sea platform.
Norway's offshore safety watchdog said today that Engie's maintenance procedures on the Gjoa platform were "inadequate" following its investigation into a leak.
A gas leak occurred on the Engie E&P-operated Gjoa field in the Norwegian sector of the North Sea last night.
The Norwegian Petroleum Safety Authority (PSA) said a non-conformity has been identified in relation to procedures on the Gjoa facility.