Norway

Nearly half of the Group’s total production is in Norway. We are the fifth largest independent operator on the Norwegian continental shelf.

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2P reserves

Operations in Norway

Neptune is a top-ten offshore producer and reserve owner in Norway. We are the fifth largest independent operator on the Norwegian continental shelf.

Norwegian fields make up the largest proportion of the Company’s portfolio. Our top three producing assets are in Norwegian waters. In 2018, Norwegian assets accounted for 55% of Neptune’s 2P reserves. We operate 13 of the 68 licences in which we have interests.

Neptune Energy Norway
 Pro forma Information
December 2018 (period 15 February to 31 December) 12 months to December 2018 12 months to December 2017
Total production (mmboe) 24.9 27.4 28.4
Daily average production
Gas production (kboepd) 28.9 28.9 30.0
Gas production for sale as LNG (kboepd) 13.7 13.8 11.5
Liquid production (kbpd) 35.2 32.4 37.2
Total production (kboepd) 77.8 75.1 78.7

Explore our assets

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Assets in Norway

Pipeline assets in Norway

Development project assets in Norway

Operated assets in Norway

Partner-operated assets in Norway

Operated
Gjøa

A gas and oil field in the northern part of the North Sea powered by hydroelectric energy generated sustainably onshore.

Development project
Duva

An oil and gas subsea tie-back development to the Neptune-operated Gjøa semi-submersible facility. First oil is expected in 2020.

Development project
Gjøa P1

A three-well oil and gas subsea development project with a tie-back to Gjøa that extends the Gjøa field into untapped reserves.

Development project
Fenja

The tie-back to Njord-A will be the world’s longest electrically trace-heated pipe-in-pipe subsea development.

Development project
Nova

A new module for the Gjøa platform to receive and process oil and gas from the Nova subsea development.

Partner-operated
Brage

A mature field in the northern North Sea with a fixed integrated production, drilling and accommodation facility.

Partner-operated
Fram

Linked fields on the Norwegian continental shelf produce oil and gas for processing at the Troll-C platform.

Partner-operated
Njord Area

A key production area on the Norwegian continental shelf and a hub for nearby developments.

Partner-operated
Ivar Aasen

A substantial oil and gas field, which started producing in 2016.

Partner-operated
Gudrun

HPHT oil and gas field in the North Sea with part-processing capability, tied in to Sleipner infrastructure.

Partner-operated
Draugen

A mature offshore oil production field with five producing platform wells and six subsea wells.

Partner-operated
Snøhvit

The first offshore development in the Barents Sea supplies gas to the world's northernmost LNG liquefaction plant.

REMIT

REMIT is an EU regulation on wholesale energy market integrity and transparency. It has been in force since 2011 and is an important mechanism for preventing market abuse. Under REMIT, all market participants are required to provide effective and timely public disclosure of any inside information in their possession.

Odin Estensen

Managing Director, Norway

Odin Estensen has nearly 30 years’ experience in upstream oil and gas, much of it in leading roles with an oil major.

Odin began his career at Schlumberger before joining Shell in 1990. There he took on increasingly senior roles across Europe and supported operations in the Middle East, Africa and Asia. Before taking on the leadership role at Neptune he was in charge of Norske Shell’s operated assets portfolio.

Odin began his career at Schlumberger before joining Shell in 1990. There he took on increasingly senior roles across Europe and supported operations in the Middle East, Africa and Asia. Before taking on the leadership role at Neptune he was in charge of Norske Shell’s operated assets portfolio.