Neptune Energy was today awarded four new licences, three as operator, located close to existing infrastructure in the Gjøa area of the Norwegian North Sea.
SUSTAINABLE
The award comprises PL1213 S (40% and operator), PL1211 and PL1219 (each 50% and operator) and PL1217 (20% and partner).
Neptune is the operator of the Gjøa platform which serves as a hub for four producing fields.
The Norwegian Ministry of Energy granted the licences in the Awards in Predefined Area (APA) 2023 licensing round.
Managing director in Norway, Odin Estensen, said: “Neptune has over the past five years demonstrated its ability to convert exploration success into development and production in a safe, timely and cost-efficient manner.
“Through this latest licensing round, we continue to build a sustainable exploration portfolio in one of our core areas.”
Director of subsurface in Norway, Steinar Meland, added: “Over the last few years, we have had great exploration success in this region, and we feel confident that the new licences will contribute to both short-term and long-term barrels.”
The APA is held annually in mature areas on the Norwegian Continental Shelf.