According to the company’s website press release on December 2, 2022, Neptune Energy and its licence partners announced a new discovery at the Calypso exploration well (PL938) in the Norwegian Sea.
Preliminary estimates are between 1 - 3.5 million standard cubic meters (MSm3) of recoverable oil equivalents, corresponding to 6-22 million barrels of oil equivalent (boe).
Calypso is Neptune Energy’s third discovery in six months on the Norwegian Continental Shelf.
Managing Director for Neptune Energy in Norway and the UK, Odin Estensen, said: “We actively explore in areas close to existing infrastructure. These near-field discoveries allow for low cost and low carbon developments.
“Initial analysis of Calypso indicates commercial potential. Together with our partners in the Calypso licence we will now study options to effectively develop the discovery using nearby infrastructure.”
The Calypso discovery is located within one of Neptune’s core areas, 14 kilometres north-west of the Draugen field and 22 kilometres north-east of the Njord A platform.
Well 6407/8-8S was drilled to a vertical depth of 3,496 metres and encountered an estimated 8 metre thick gas column and 30-metre thick oil column in a 131 metre thick Garn Formation sandstone reservoir, of good to very good quality.
Calypso was drilled by the Deepsea Yantai, a semi-submersible rig owned by CIMC and operated by Odfjell Drilling.
Partners: Neptune Energy (operator, 30%), OKEA ASA (30%), Pandion Energy AS (20%) and Vår Energi ASA (20%)
For media inquiries:
Liv Jannie Omdal
+ 47 97 66 71 37
liv.jannie.omdal@neptuneenergy.com
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 recently opened up two new subsea fields, Duva and Gjøa P1, tied back to the Gjøa platform. Neptune is the operator of the development project Fenja in the Norwegian Sea, and is partner in several producing fields, amongst these are Snøhvit, Gudrun, Njord and Fram. Neptune Energy Norge is a participant in a total of 81 licences. For the full year 2021, Neptune produced 46 kboepd in Norway.
About Neptune Energy Group
Neptune Energy is an independent global E&P company with operations across Europe, North Africa and Asia Pacific. The business had production of 130,000 net barrels of oil equivalent per day in 2021 and 2P reserves at 31st December 2021 of 604 million barrels of oil equivalent. Neptune aims to store more carbon than is emitted from its operations and the use of its sold products by 2030. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners.
More information: www.neptuneenergy.com
