Neptune spudded Dugong prospect exploration well 34/4-15 S using the âDeepsea Yantaiâ S/S on 18 June 2020. The prospect lies in PL 882, approximately 9 km northwest of Snorre B. The wellâs objectives are the Upper Jurassic Intra-Draupne Formation and the Middle Jurassic Brent Group. Neptune confirmed that hydrocarbons have been found in the reservoir which lies between 3,250 m and 3,400 m. The well has been cored and on 9 July 2020 the company is preparing for a down-dip appraisal sidetrack â 34/4-15 A. The TD of 34/4-15 S (actual depth not yet reported) was planned at 3,740 m (3,647 m TVD). According to partner Petrolia, potential pre-drill recoverable resources were 86 MMboe.  The PDO for Equinorâs Snorre Expansion Project (Snorre 2040) was approved in July 2018. The project aims to increase the fieldâs recovery rate from 46% to 51% by producing a further 195 MMbo and extending field life beyond 2040. At a total estimated cost of NOK 19.3 billion (USD 2.31 billion) the development includes six subsea templates each with four wells. Of the 24 new wells half will be producers and the other half will be used for alternating water and gas injection. The templates will be tied back to Snorre A where upgrades will take place (to receive production and provide injection gas and water). First oil is expected in Q1 2021.  PL 882 is operated by Neptune Energy Norge AS with 40%. Concedo ASA, Idemitsu Petroleum Norge AS and Petrolia NOCO AS are partners, holding 20% each.
Norway (Viking Graben Province), 34/4-15 S (Dugong) explo well, in PL 882, op. by Neptune (40%), CONCEDO (20%), IDEMITSU (20%), PETROLIA (20%). Neptune confirmed on 3 July 2020 that hydrocarbons have been found in the reservoir which lies between 3,250 m and 3,400 m. The well will be cored and a contingent down-dip appraisal sidetrack is likely. The TD of 34/4-15 S is planned at 3,740 m (3,647 m TVD). Preparing to sidetrack