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Neptune Energy confirms significant discovery

Christian Fernsby ▼ | August 4, 2020
Neptune Energy and its partners announced the commercial discovery of oil in the Dugong well (PL882) in the Norwegian sector of the North Sea, the largest discovery in Norway so far this year.
Neptune Energy
Discovery   Neptune Energy
The volumes are estimated to be in the range of up to 19.0 million standard cubic meters (MSm3) of recoverable oil equivalent, or up to 120 million barrels of oil equivalent (boe).

Topics: Neptune

In addition, the Dugong discovery has significantly derisked another prospect in the licence estimated by Neptune 5.2 million standard cubic meters (MSm3) of recoverable oil equivalent.

This brings Neptune’s estimate of the total resource potential in PL882 to as much as 153 million boe.