Operator Neptune Energy and license partners Petoro, Wintershall Dea and OKEA announce that production has started from the Gjøa P1 development in the Norwegian sector of the North Sea. Gjøa P1 is developed via a new subsea template tied back to the existing infrastructure at the Gjøa field. The P1 development enables the license to recover significant quantities of oil and gas from deeper reservoirs, as well as to utilize spare production capacity. The project is a two-well development with one oil and one gas producer. The gas well was successfully started up and thereby marks a key milestone for the Gjøa P1 project and for the Gjøa license. The oil well is expected to come on stream within a few days. The successful start-up of Gjøa P1 underlines the platform's position as an important hub and increases total remaining developed reserves at Gjøa by 30%. This will further maximize resource utilization, reduce production costs per barrel and add significant value to the Gjøa license partners and the Norwegian society. Good reservoir management has already extended the field life considerably, and Gjøa is now set to produce in excess of 100 million barrels of oil equivalents more than what was estimated when production started in 2010.