Neptune Norway's Asset Portfolio Integration slide image

Neptune Norway's Asset Portfolio Integration

20 Snøhvit The Barents Sea 2P reserves split¹2 5% 8% 135.5 mmboe • Snøhvit was the first offshore development in the Barents Sea and it is one of the key producers in Neptune's Norwegian portfolio, with production expected to continue towards 2050 The field is connected via a 143 km pipeline for liquefaction at the Hammerfest LNG facility, a purpose-built plant on Melkøya Island In December 2022, the Snøhvit partnership sanctioned the Snøhvit Future Project which includes onshore compression and electrification of the Melkøya LNG plant. The project is expected to be completed in 2028 Fields with current Vår Energi ownership Asset overview Licenses 2P reserves 1,2 PL064, PL077, PL078, PL097, PL099, PL100, PL110 135.5 mmboe Q1 2023 production 1,3 16.3 kboepd Discovery year 1984 Production start 2007 Partners and operator Equinor (36.8%), Petoro (30%), TotalEnergies (18.4%), Neptune (12%), Winterhsall Dea (2.8%) 1. Net to Neptune Norway 2. Source: Neptune group ASR 2022 3. Source: Neptune group Johan Castberg Snøhvit Goliat Melkøya LNG plant 86% Gas NGL Condensate Gas pipeline
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