Neptune confirms commerciality of Dugong discovery offshore Norway

March 29, 2021
Neptune Energy has updated its volume estimate for the Dugong discovery in the Norwegian North Sea, based on results from a successful appraisal well (34/4-16 S).

Offshore staff

LONDONNeptune Energy has updated its volume estimate for the Dugong discovery in the Norwegian North Sea, based on results from a successful appraisal well (34/4-16 S).

The company also achieved its main objective of establishing the oil-water contact.

Neptune now estimates 40-108 MMboe recoverable, although this will be subject to further analysis and review. A drillstem test on the well will also follow.

The partners plan a development either to nearby offshore infrastructure or as a stand-alone facility.

Dugong, 158 km (98 mi) west of Florø in 330 m (1,082 ft) of water, is close to production facilities serving the Snorre and Statfjord fields.

The reservoir is at depth of 3,250-3,500 m (10,663-11,483 ft). Well 34/4-16 S was designed to delineate last year’s discovery in the Rannoch formation via wells 34/4-15 S and 34/4-15 A.

Other partners in the Dugong license are Petrolia NOCO, Idemitsu Petroleum Norge, and Concedo.

03/29/2021