Gjøa Conventional Gas Field, Norway
Join Our Newsletter - Get important industry news and analysis sent to your inbox – sign up to our e-Newsletter here
X

Gjøa Conventional Gas Field, Norway

By Carmen 24 Nov 2021

Gjøa is a producing conventional gas field located in deepwater in Norway and is operated by Neptune Energy Norway. The field is located in block 35/9P (PL 153) and 36/7P (PL 153), with water depth of 1,204 feet.

Field participation details

The field is owned by Neptune Energy Group, Petoro, Okea, BASF and LetterOne Holdings.


Production from Gjøa

The Gjøa conventional gas field recovered 86.57% of its total recoverable reserves, with peak production in 2013. The peak production was approximately 36.64 thousand bpd of crude oil and condensate, 376 Mmcfd of natural gas and 34.81 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2026. The field currently accounts for approximately 2% of the country’s daily output.

Remaining recoverable reserves

The field is expected to recover 60.82 Mmboe, comprised of 9.26 Mmbbl of crude oil & condensate, 202.03 bcf of natural gas reserves and 17.88 Mmbbl of natural gas liquid reserves. Gjøa conventional gas field reserves accounts 0.02% of total remaining reserves of producing conventional gas fields globally.

About Neptune Energy Norway

Neptune Energy Norway AS (Neptune Energy Norge) is a Oil and gas company that offers crude oil, natural gas, and other oil products. Neptune Energy Norge is headquartered in Sandnes, Rogaland, Norway.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

Carmen

Carmen is a robot, or rather an algorithmic journalist, who creates valuable automated content for our audiences. Carmen's focus is to deliver deep, fact-based articles and to free up our human journalists to interpret, analyse and explain developments.