Neptune Energy announced it has extended a contract for Odfjell Drilling’s Deepsea Yantai drilling rig, to include three additional wells in the Norwegian North Sea next year.
The Deepsea Yantai is currently drilling the production wells at the Neptune-operated Fenja field in the Norwegian Sea. The extension will include one additional well at the Fenja field and two exploration wells within core areas of the Norwegian sector. Neptune also has the option to include additional wells under the current contract.
Neptune Energy’s Managing Director for Norway, Odin Estensen, said: “The extension of the contract for the Deepsea Yantai plays a vital role in our busy drilling program for next year, including both development and exploration drilling in our core areas with a clear ambition to further grow our business on the Norwegian Shelf.”
The Deepsea Yantai, owned by CIMC Raffles, has been operating for Neptune Energy in Norway since November 2019. This included completion of the appraisal and production wells at the two new Gjøa P1 and Duva fields, and several exploration wells including the Dugong discovery last year.
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 has two operated development projects: Fenja and Duva. In 2020, the company made the Dugong discovery, which is now being considered for development. The Company is a partner in several producing fields: Bauge (under development), Brage, Draugen, Fram, Gudrun, Hyme, Ivar Aasen, Njord and Snøhvit. Neptune Energy Norge is a participant in a total of 81 licences. For the full year 2020, Neptune produced 55 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 142,000 net barrels of oil equivalent per day in 2020 and 2P reserves at 31st December 2020 of 601 million barrels of oil equivalent. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners.
