Offshore Dugong Prospect Estimate: 40-120 MMbbl of Oil Equivalent
Drilling Activity Details
Drilling Activity Summary
Description
Neptune Energy has confirmed the commercial discovery of oil at the Dugong prospect in PL882 in the Norwegian sector of the North Sea. The volumes are estimated to be in the range of 40–120 MMbbl of oil equivalent. The discovery has significantly de-risked another prospect in the license estimated by Neptune at 33 MMboe and an estimated total resource potential in PL882 to as much as 153 MMboe. The Dugong prospect consists of two reservoirs that are at a depth between 3,250 m and 3,500 m. Area water depth at the site is approximately 330 m, and it is close to production facilities. The discovery well, #34/4-15 S, and the down-dip sidetrack, #34/4-15 A, proved oil in the Viking and Brent Groups of the prospect. These are the first exploration wells in production license 882. The well will be plugged and abandoned. Neptune Energy is the operator of PL882, Block 34/4, and #34/4-15 S with 40% interest in partnership with Concedo (20%), Petrolia (20%), and Idemitsu Petroleum (20%).
Neptune Energy has confirmed the commercial discovery of oil at the Dugong prospect in PL882 in the Norwegian sector of the North Sea. The volumes are estimated to be in the range of 40–120 MMbbl of oil equivalent. The discovery has significantly de-risked another prospect in the license estimated by Neptune at 33 MMboe and an estimated total resource potential in PL882 to as much as 153 MMboe. The Dugong prospect consists of two reservoirs that are at a depth between 3,250 m and 3,500 m. Area water depth at the site is approximately 330 m, and it is close to production facilities. The discovery well, #34/4-15 S, and the down-dip sidetrack, #34/4-15 A, proved oil in the Viking and Brent Groups of the prospect. These are the first exploration wells in production license 882. The well will be plugged and abandoned. Neptune Energy is the operator of PL882, Block 34/4, and #34/4-15 S with 40% interest in partnership with Concedo (20%), Petrolia (20%), and Idemitsu Petroleum (20%).