Page 14 - EurOil Week 17 2021

EurOil PROJECTS & COMPANIES EurOil

Neptune starts drilling at Duva

NORWAY NEPTUNE Energy and its partners reported on campaign forms an integral part of achieving
April 22 that drilling had commenced on four this. Duva will both increase production and
Production is expected production wells at the Duva oil and gas field in extend the operational life of our operated
to plateau at 25,000 the Norwegian North Sea. Gjoa platform.”
boepd. The wells are being drilled by the semi-sub- The drilling work is expected to run for 110
mersible Deepsea Yantai operated by Odfjell days. Subsea works were completed in 2020, and
Drilling. They were pre-drilled and cased off at a the four subsea trees were installed in March
depth of 2,500 metres ahead of the final drilling 2021.
campaign starting. Neptune discovered Duva in 2016, becoming
Neptune is developing Duva as a fast-track the company’s first find in the Norwegian North
subsea tieback to its Gjoa platform. It will host Sea, and development plans were approved in
three oil wells and one gas producer. Production 2019.The field lies in waters 350 metres deep and
is on track to begin in the third quarter and pla- is 14 km north-east of Gjoa. Its oil will be trans-
teau at 25,000 barrels of oil equivalent per day ported via the Troll Oil Pipeline II to the Mong-
(boepd). stad terminal, while its gas will be shipped via the
“This is the final phase of the Duva devel- Far North Liquids and Associated Gas System to
opment project, and we are currently work- St Fergus in the UK.
ing to accelerate the start-up date,” Neptune’s Neptune operates Duva with a 30% interest,
director of projects and engineering, Erik while Idemitsu Petroleum and Poland’s PGNiG
Oppedal, commented. “An efficient drilling also have 30% each and Sval Energi has 10%.™

EnQuest snaps up Bentley find

UK UK North Sea producer EnQuest has reached a estimates its stock-tank oil initially in place
deal to buy 100% of the Bentley heavy oil discov- (STOIP) at around 900mn barrels. The field has
EnQuest is on a ery from junior explorer Whalsay Energy. been appraised through the drilling and testing
spending spree. The find is situated in licence P1078 within of six wells and two sidetracks. Extended well
15 km of EnQuest’s Kraken and 8 km from its tests in 2012 delivered production rates of up to
Bressay operated interests, “offering further 3,500 barrels per day, and around 2,600 bpd of oil
long-term potential development opportunities over a 68-day well test.
and other synergies,” EnQuest said on April 26. EnQuest’s spending spree also saw it
EnQuest is scouring the region for resources to announce the purchase of Canadian player Sun-
tie back to Kraken, which entered decline in Jan- cor’s 26.7% interest in the Golden Eagle area of
uary. Later that month it acquired its position at the UK North Sea in February. The CNOOC-op-
the Bressay oilfield from Norway’s Equinor. erated area consists of the producing Golden
Under the deal, EnQuest will cover certain Eagle, Peregrine and Solitaire fields, which
Whalsay costs and obligations, amounting to yielded their first oil in October 2014.
less than $2mn. No upfront payment for the Edinburgh-based Gneiss Energy advised
asset will be made, although EnQuest will make EnQuest on the Whalsay purchase, which is
deferred payments to the company based on subject to a number of conditions. One condi-
future revenue capped at $40mn. tion is that the UK Oil and Gas Authority grants
Bentley was discovered in 1977 and repre- an extension to the discovery’s existing licence
sents one of the largest undeveloped oilfields term, which is due to expire on June 30 2021.
on the UK Continent Shelf (UKCS). Whalsay Other third-party approvals are also needed. ™

P14 www. NEWSBASE .com Week 17 29•April•2021