Neptune Begins Subsea Installation Work on Duva Field
Neptune Energy has begun the first subsea installation and construction campaign on the Duva field in the Norwegian North Sea, the company said on 30 July.
The integrated template structure (ITS) was the first large-scale piece of fabrication work to be completed for the Neptune-operated field, located in 1,181-ft water depth approximately 87 miles north of Bergen. Weather permitting, the company said it expects the installation campaign to last 5 days.
“By installing the ITS now, we are on track for undertaking drilling later this year, leaving us well-positioned to reach first oil in the fourth quarter of 2020,” Neptune Managing Director Odin Estensen said.
Norwegian authorities approved development plans for Duva and the nearby Gjøa P1 field in June. Both fields will be developed through subsea tiebacks to the nearby Gjøa platform. Neptune estimates total recoverable resources to be around 120 million BOE, and at its peak, it expects Duva to produce 30,000 BOE/D.
Duva will have three production wells, two oil production wells, and one gas producer, with the potential for an additional oil well. TechnipFMC will deliver the subsea tiebacks utilizing the Neptune Subsea Alliance Agreement, and Rosenberg Worley will provide the topside modifications.
Earlier this month, Polish state-owned oil company PGNiG acquired a 20% share in Duva from Wellesley Petroleum, a move that allowed Wellesley to redeploy development resources to its operated Grosbeak project. Neptune, Idemitsu Petroleum, and Pandion Energy are the other shareholders in the project.
A New Offshore Investment Cycle Is in the Making
The amount of oil and gas resources approved for development last year surpassed 20 billion BOE, the highest level seen since 2011. Telltale signs have emerged that we are entering a new offshore investment cycle.
TC Energy Plans To Move Equipment for Keystone XL Preconstruction Work
TC Energy is planning to start mobilizing heavy construction equipment to worker campsites and pipeline storage sites in Montana, South Dakota, and Nebraska in February to start preconstruction work on the Keystone XL Pipeline.
Gazprom Neft Takes Home IPTC’s Top Award For Arctic Megaproject
The Novoportovskoye oil and gas condensate field was discovered in 1964 but left undeveloped for decades due to its remote location on the Yamal Peninsula in Siberia.
Don't miss out on the latest technology delivered to your email every two weeks. Sign up for the OGF newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
08 January 2020
07 January 2020
15 January 2020
09 January 2020