Neptune Energy awards EPCI-contract to TechnipFMC

02/04/2019

Neptune Energy has entered into a global Alliance Agreement with TechnipFMC for delivering subsea projects.

The Alliance Agreement between Neptune and TechnipFMC has been signed for an initial five year term with options for further extensions. The Agreement covers the full project lifecycle from early concept work, through engineering, procurement, delivery of subsea production systems and installation of subsea equipment and infrastructure, and continues into life of field support.

The first developments to be executed under this contract model are the Duva and Gjøa P1 projects in The Norwegian sector of the North Sea. Both fields will be developed as fast-track subsea tiebacks to the Neptune operated Gjøa facilities. TechnipFMC has been awarded a contract covering the subsea equipment from the wellheads to the riser hang-off at Gjøa. This includes subsea templates, xmas trees, manifolds, production and gas lift pipelines, umbilicals, subsea structures and control systems) plus installation activities.

The engineering and fabrication works have commenced and the first template will be installed Q3 2019 on the Duva field. The majority of the installation scope will be in 2020 with first oil targeted for Q4 2020.

Mark Richardson, Vice-President Projects in Neptune Energy said “The global Alliance Agreement establishes a long-term relationship, based on common goals, shared values and mutual trust, supported by a commercial model where collective positive performance is rewarded.”

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Notes to editors

About the Duva field (PL 636)

The Duva field is located 6 kilometers northeast of the Gjøa field (12 kilometers from the Gjøa platform). The shortest distance to shore is 35 km. The discovery was made in production license 636 in August 2016 by drilling well 36 / 7-4.

License partners: Neptune Energy Norge (30% and operator), Idemitsu Petroleum Norge AS (30%), Pandion Energy AS (20%) and Wellesley Petroleum AS (20%).

About the Gjøa field (PL 153)

The Gjøa field was discovered in 1989, and a PDO was delivered and approved by the Norwegian authorities in 2007. The field is developed with five subsea templates tied to the Gjøa Semi-Submersible for processing and export. Production started in 2010. Oil is exported by pipeline to Mongstad and gas by pipeline to St. Fergus in the UK. The Gjøa P1 segment is located in the northern part of the Gjøa field.

License partners: Neptune Energy Norge (30% and operator), Petoro AS (30%), Wintershall Norge AS (20%) OKEA (12%) and DEA Norge AS (8%).

Media contacts

Liv Jannie Omdal
Liv.Jannie.Omdal@neptuneenergy.com
+47 97 66 71 37

About Neptune Energy Norge

Neptune Energy Norge is a subsidiary of Neptune Energy. The company is the operator of the Gjøa field which had a  production of 11.0 million barrels of oil equivalent in 2017. It has three operated development projects: Fenja, Cara and P1. 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 68 licences on the NCS.

About Neptune Energy

Neptune Energy is an independent global E&P company and, having completed the acquisition of the exploration and production business of the ENGIE group in February 2018, is now active across the North Sea, North Africa and Asia Pacific. The business had production of 160,500 net barrels of oil equivalent per day in the first three quarters of 2018 and 2P reserves at 31st December 2017 of 542 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.

For further information please visit: www.neptuneenergy.com