If the query was “to be or to not be”, Neptune Power has answered within the former for its Hamlet discovery.

The North Sea discover, confusingly primarily based in Norway – not Denmark – has encountered hydrocarbons, round 35 miles west of Floro.

Hamlet is situated inside the Neptune Power Gjoa licence.

The operations within the reservoir part are nonetheless at an “early stage” and it has “but to be confirmed if business volumes are current,” the agency stated.

A contingent side-track properly could also be drilled to “additional outline the extent of the invention”.

Hamlet was drilled in a water depth of 358 metres and lies inside one in all Neptune’s core areas.

The properly was drilled by the Deepsea Yantai, a semisubmersible rig owned by CIMC and operated by Odfjell Drilling.

Hamlet is owned and operated by Neptune with 30%, partnered with Petoro (30%), Wintershall Dea (28%) and OKEA (12%).

The properly lies round 5 miles north of the Neptune-operated Gjoa area.

Earlier, Neptune stated that within the occasion of a business discovery, the Hamlet prospect might be tied again to the Neptune-operated Gjøa platform and produced with much less than half the common CO2 emissions on the Norwegian Continental Shelf.

When drilling kicked off in February, Director of Subsurface in Norway, Steinar Meland, stated the properly might “supply a brief lead time from discovery to manufacturing, cut back prices and carbon emissions and assist mature and replenish our present licenses”.