Neptune Energy welcomes Equinor’s announcement of the start of production from the Njord field in the Norwegian Sea, following a major upgrade of the platform and the floating storage and offloading vessel (FSO).

Neptune Energy’s Managing Director for Norway and the UK, Odin Estensen, said: “We congratulate Equinor on the delivery of this complex project, in close collaboration with the licence partners.

"Njord coming onstream increases Neptune’s production in Norway by 10 kboepd. The platform is also preparing to receive production from three new subsea tie-back fields – Hyme and Bauge, and the Neptune-operated Fenja field early in 2023, extending the operating life of the Njord field.

“This represents a significant investment by Neptune on the Norwegian Continental Shelf, and further demonstrates our commitment to growing the business in Norway."

Neptune Energy Norge has a 22.5 per cent owner share in Njord, Hyme and Bauge. The company has 30 per cent share in Fenja.

About Neptune Energy Group

Neptune Energy is an independent global E&P company with operations across Europe, North Africa and Asia Pacific. The business had production of 130,000 net barrels of oil equivalent per day in 2021 and 2P reserves at 31st December 2021 of 604 million barrels of oil equivalent. Neptune aims to store more carbon than is emitted from its operations and the use of its sold products by 2030. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners.

About Equinor

Equinor (OSE:EQNR, NYSE:EQNR), is an international energy company with a proud history. Formerly Statoil, we are 20,000 committed colleagues developing oil, gas, wind and solar energy in more than 30 countries worldwide. We’re the largest operator in Norway, among the world’s largest offshore operators, and a growing force in renewables. Driven by our Nordic urge to explore beyond the horizon, and our dedication to safety, equality and sustainability, we’re building a global business on our values and the energy needs of the future.