Neptune Energy Confirms Hydrocarbon Discovery At Dugong
Neptune Energy and its partners today announced the discovery of hydrocarbons at the Dugong well (PL 882) in the Norwegian sector of the North Sea.
Upon entering the reservoir, logs and cuttings have identified hydrocarbons and a decision has been made to initiate coring.
The operations in the reservoir section are still at an early stage and final results are not yet available. A contingent side-track may be drilled to further define the extent of the discovery.
Dugong is located 158 kilometres west of Florø, Norway, at a water depth of 330 metres, and is close to the existing production facilities of the Snorre field. The reservoir lies at a depth of 3,250 - 3,400 metres.
The drilling program comprises a main bore with a down-dip side track, subject to the results of the main bore.
Dugong has been drilled by the Deepsea Yantai, a new semi-submersible rig, owned by CIMC and operated by Odfjell Drilling.
Dugong partners: Neptune Energy, (operator and 40%), Concedo (20%), Petrolia NOCO (20%), and Idemitsu Petroleum Norge (20%).
About Neptune Energy Norge AS
Neptune Energy Norge is a subsidiary of Neptune Energy. The company is the operator of the Gjøa field in the North Sea. It has three operated development projects: Fenja, Duva and P1. The Company is a partner in several producing fields: Bauge (under development), Brage, Draugen, Fram, Gudrun, Hyme, Ivar Aasen, Njord and Snøhvit. Neptune Energy Norge is a participant in a total of 75 licences. For the full year 2019, Neptune produced 67 kboepd in Norway.
About Neptune Energy Group
Neptune Energy is an independent global E&P company with operations across the North Sea, North Africa and Asia Pacific. The business had production of 144,000 net barrels of oil equivalent per day in 2019 and 2P reserves at 31st December 2019 of 633 million barrels of oil equivalent. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners. For more information, visit www.neptuneenergy.com.
Source: Neptune Energy