OKEA to invest NOK 568 million in Gjøa P1 project.
The Gjøa license operator, Neptune Energy Norge, has today submitted development plans for the P1 project. This is a re-development of the P1 segment of the Gjøa field. First production is expected in late 2020/early 2021. Total recoverable resources are estimated to be 32,6 million barrels of oil equivalents (boe). P1 is expected to yield around 24,000 boe/d at maximum production. OKEA AS is a 12% license holder of the Gjøa (PL153) Field. Gjøa P1 will add close to 4 million boe of reserves to OKEA and almost 3000 boe/d in production. The P1 segment is covered by the original Plan for