The Oil Bloc
Your first choice for oil industry news

- Advertisement -

Neptune discovers hydrocarbons in Norwegian North Sea


Neptune Energy says it has discovered hydrocarbons at the Dugong well, which is located in the Norwegian part of the North Sea.

The well is located in the production license 882. Close to the Snorre field production facilities, the well is 158km west of Florø in Norway and located in a water depth of 330m.

The European oil exploration and production company operates and own 40% in Dugong. Other partners include Concedo (20%), Petrolia NOCO (20%), and Idemitsu Petroleum (20%).

Once the well had entered the reservoir, logs and cuttings identified hydrocarbons and the partners have decided to initiate coring.

The reservoir lies at a subsurface depth of 3,250m to 3,400m.

The company also revealed that a contingent sidetrack may follow to help define the extent of the discovery.

Dugong has been drilled by CIMC-owned new Deepsea Yantai semi-submersible rig, which is operated by Odfjell Drilling.

Last month, Neptune Energy said that it was set to cut 400 jobs across nine countries to improve cash flow amid low oil prices. These redundancies represent nearly 21% of the company’s staff.

In the same month, Norwegian Petroleum Directorate (NPD) granted Neptune Energy a drilling permit for two wildcat wells in the North Sea offshore Norway.

Source Offshore Technology
You might also like

Leave A Reply

Your email address will not be published.

Translate »
Share via
Copy link
Powered by Social Snap