The starting gun has been fired on investments totalling Nkr16.5 billion ($1.9 billion) for the Duva-Gjoa P1 and Solveig field tie-back projects off Norway after they were approved by the authorities, with a further Nkr6 billion plan for Tor 2 set to land on the oil ministry’s desk shortly.
UK-based Neptune Energy intends to develop the Duva and P1 discoveries as subsea tie-backs to its nearby operated Gjoa platform in the northern North Sea at a cost of Nkr10 billion, with start-up scheduled for the first quarter of 2021.
