Neptune makes new oil and gas find near Norway Gjoa hub, boosting Troll crude

London-based Neptune Energy and partners have announced a new oil&gas discovery at the Hamlet exploration wells in the Norwegian sector of the North Sea. Volumes discovered in the Hamlet structure are estimated to be in the range of 5-11 million standard cubic metres or 30-70 million barrels of oil equivalent. Work is continuing to confirm potential recoverable resources, but Neptune’s preliminary estimate is 8-24 mmboe. Located 58 kilometres west of Florø, Norway, at a water depth of 358 metres, Hamlet will be considered as a tie-back to the Neptune-operated Gjøa semi-submersible platform. Hamlet is a new discovery in the Gjøa area, where Neptune already operates two fields. The Wintershall Dea-operated fields Vega and Nova are also tied back to the Gjøa platform.