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Gjoea
Nation / PlaceNO

Gjoea

A Norwegian Continental Shelf oil and gas field.

Last refreshed: 3 July 2026 · Appears in 1 active topic

Key Question

What did Equinor give up to expand Vår Energi's Gjøa hub?

Background

Gjøa gave its name to the North Sea hub at the centre of a 30 June 2026 asset swap: Vår Energi took a 32.5% stake and operatorship of the neighbouring Peon gas discovery, tying it back to Gjøa, while Equinor received a 5% stake in the Fram field plus interests in the Grosbeak, Mulder and Grønngylt prospects.

Vår Energi has operated the fully electrified Gjøa platform since February 2024, when it absorbed Neptune Energy's Norwegian assets. In production since 2010 and already hosting tie-backs from the Vega, Duva and Nova fields, Gjøa's economic life is expected to extend to around 2045 once Peon ties in.

Common Questions
What is the Gjøa field?
A Norwegian North Sea gas-condensate field operated by Vår Energi, in production since 2010 and hosting tie-backs from the Vega, Duva and Nova fields.
Who operates the Gjøa field?
Vår Energi, which took over operatorship in February 2024 when it acquired Neptune Energy's Norwegian assets.
What did Equinor and Vår Energi swap in June 2026?
On 30 June 2026 Equinor gave up its Peon discovery stake and operatorship to Vår Energi in exchange for a 5% share of the Fram field plus interests in the Grosbeak, Mulder and Grønngylt prospects.Source: Equinor
Source Material
Equinor and Vår Energi agree asset swap in Troll and Gjøa areas