Neptune Energy has confirmed that it has submitted a Gjoa tieback proposal for the Cara project to the Ministry of Petroleum and Energy.
The development would be the oil exploration firm’s second project in the Norwegian North Sea after Fenja.
The Cara field is located nearly four miles northeast of the Gjoa field.
It is expected to produce between 56-94 million barrels of oil equivalent, in the range of 9-15 million standard cubic meters.
Anne Botne, country director for Neptune Energy in Norway, said: “Moving into the next phase of the plan is a signal that Neptune Energy is committed to Norway in the long-term.
“This is our second operated development project on the Norwegian Continental Shelf after Fenja in the Norwegian Sea, and we are using our experience and resources to calibrate the concept for Cara.
“We have selected the most economically robust solution for the field and will now work closely with our partners in the coming months to design a plan that will take Cara forward.”
Cara was discovered in 2016 and is situated in PL636 in the Norwegian North Sea.
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