Asset Report
Gjøa Area
Report summary
The Gjøa Area includes the Gjøa fields and Hamlet pre-FID project in the Northern North Sea.Gjøa consists of three oil and gas fields 60 kilometres north of the Troll Øst field. A plan for development and operation (PDO) was approved in 2007. Production from Gjøa began in 2010.The Hamlet field was originally discovered in 1997 but appraisal drilling in the first half of 2022 made a commercial find in a structure to the south of the initial discovery. The discovery is approximately 14 kilometres north of the Gjøa platform. The operator has accelerated development plans and a final investment decision is expected before the end of 2022.
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- P1 project reserve downgrade and start-up
- Gjøa production is expected to decline sharply
- Gjøa Nord fast-track project delayed to evaluate area upside potential
- Future tiebacks could extend Gjøa's life and lower its share of operating costs
- New gas export routes are being evaluated
- Exploration upside
- Emissions reduction initiatives
- Location maps
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Participation
-
Unitisation
- Historical licensing and corporate activity
-
Unitisation
- Geology
- Well data
-
Exploration
- Future exploration
- Recent exploration
- Historical exploration
- Reserves and resources
-
Production
- Emissions
-
Development
- Gjøa P1 project
- Gjøa Nord
- Historical development
- Historical activity
-
Infrastructure
- Oil
- Gas
-
Costs
- Capital costs
- Operating costs
- Sales contracts
- Fiscal and regulatory
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Economic assumptions
- Discount rate and date
- Inflation rate
- Oil price
- Gas price
- Carbon price
- Exchange rate
- Fiscal terms
- Global Economic Model (GEM) file
-
Economic analysis
- Cash Flow
Tables and charts
This report includes 27 images and tables including:
- Key facts: Table 1
- Index map
- Gjøa map
- Geology: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- Production profile
- Participation: Table 1
- Development: Table 1
- Infrastructure: Table 1
- Gjøa P1
- Gjøa Nord
- Decommissioning costs
- Costs: Table 4
- Cash Flow (US$ million)
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining PV Price Sensitivities
- Cash Flow (NKr million)
- Economic analysis: Table 5
- Economic analysis: Table 6
What's included
This report contains:
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