Neptune Norway's Asset Portfolio Integration slide image

Neptune Norway's Asset Portfolio Integration

24 Gudrun A high-pressure high-temperature oil and gas field in the North Sea developed by a steel platform resting on the seabed • To be partially powered from shore via Sleipner starting in late 2023, as part of the Utsira High area electrification project • Oil and gas is exported via Sleipner A infrastructure, where Vår Energi is currently present In September 2022, the first IOR drilling campaign was successfully completed after drilling four producing wells, two water producers, two water injectors, plus one re-completion job. Water injection started up in August 2022 Asset overview Licenses 2P reserves 1,2 PL025 20.5 mmboe Q1 2023 production 1,3 13.2 kboepd Discovery year 1975 Production start 2014 Partners and operator Equinor (36%), Neptune (25%), OMV (24%), Repsol (15%) 1. Net to Neptune Norway 2. Source: Neptune group ASR 2022 3. Source: Neptune group Balder/Grane Area Fields with current Vår Energi ownership Gudrun Sleipner West Bøyla Ringhorne Øst Breidablikk Balder Grane Svalin 2P reserves split 1,2 6% 41% Sleipner East Gugne Sigyn 10 Oil 20.5 53% mmboe Gas NGL
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