Gjøa is a producing conventional gas field located in deepwater in Norway and is operated by Neptune Energy Norway. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block 35/9P (PL 153) and 36/7P (PL 153), with water depth of 1,204 feet. Buy the profile here.
Field participation details
The field is owned by BASF, LetterOne Holdings, Neptune Energy Group, Okea and Petoro.
Production from Gjøa
The Gjøa conventional gas field recovered 95.23% of its total recoverable reserves, with peak production in 2013. The peak production was approximately 36.64 thousand bpd of crude oil and condensate, 376.00 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 22.12 Mmboe, comprised of 3.05 Mmbbl of crude oil & condensate, 72.67 bcf of natural gas reserves and 6.96 Mmbbl of natural gas liquid reserves. Gjøa conventional gas field reserves accounts 0.01% 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.
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