Neptune Energy Begins Drilling Ofelia Appraisal Well
10.06.2023 By Tank Terminals - NEWS

October 6, 2023[Neptune Energy]- Neptune Energy today announced drilling has commenced on the Ofelia appraisal well in the Norwegian sector of the North Sea.

 

The Ofelia discovery (PL 929) was made in August 2022 and is located approximately 14 kilometres north of the Neptune-operated Gjøa field.

Preliminary estimates of recoverable volume are in the range of 2.5-6.2 million standard cubic metres (MSm3) or 16-39 million barrels of oil equivalents (mmboe). The new well aims to appraise and fully evaluate the hydrocarbon discovery in the Ofelia Agat formation. A secondary target is to evaluate an upside of gas charged reservoir in the shallower Kyrre Formation.

Neptune Energy’s Director of Subsurface in Norway, Steinar Meland, said: “The Ofelia discovery fits our strategy of focusing on opportunities within core areas near existing infrastructure.

“The Ofelia discovery could be tied back to the Neptune-operated Gjøa platform and produce at less than half the average carbon intensity of Norwegian Continental Shelf fields 1.”

The main reservoir target is the Lower Cretaceous Agat Formation and is expected to be reached at a depth of approximately 2,530 metres.

The well, 35/6-4 S, is being drilled by the Deepsea Yantai, a semi-submersible rig, owned by CIMC and operated by Odfjell Drilling.

 

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Enovos Announces FID on Luxembourg Green Hydrogen Project
06.15.2026 - NEWS
June 15, 2026 [Renewables Now]- Enovos announced that a final investment decision (FID) has been ... Read More
KPC Approves Egypt Gas Project, Output Set for Q4
06.15.2026 - NEWS
June 15, 2026 [Zawya]- Kuwait Petroleum Corporation (KPC) has approved an investment in a gas exp... Read More
Shell Pauses $3 Billion Share Buyback Ahead of ARC Acquisition Vote
06.15.2026 - NEWS
June 15, 2026 [Reuters]- Shell said ‌on Friday it was pausing its $3 billion share buyback prog... Read More
LyondellBasell to Shut Remaining PP Output at Brindisi
06.15.2026 - NEWS
June 15, 2026 [Argus Media]- Petrochemical producer LyondellBasell said it plans to close its rem... Read More