Tuesday, March 26, 2019

Neptune Energy to Present Plan for Norway Fields

February 20, 2019

Operator Neptune Energy will on Thursday present investment plans for two Norwegian oil and gas fields, the country's energy ministry said in a statement on Wednesday.

The plan for Duva (previously known as Cara) and Gjoea P1 amount to almost 10 billion crowns ($1.16 billion), with an aim of producing a combined 120 million barrels of oil equivalents.

The discoveries will be tied in to the already existing Gjoea platform, the ministry said.

Reporting by Terje Solsvik

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