Neptune Energy today announced first gas production from the Adorf Carboniferous development in northwestern Germany.
Initial results were positive following successful drilling of the Adorf Z15 appraisal well, in the municipality of Emlichheim.
Subsequent production tests indicated flow rates of up to 1,700 barrels of oil equivalent (boe) per day (gross).
Neptune's Managing Director in Germany, Andreas Scheck, said: 'The result of the Adorf Z15 well underlines the great potential for future gas production within this region. It is one of the most promising gas discoveries in Germany in recent years.'
The well reached final depth of 3,500 meters in February 2020. A modern processing plant for treatment of the natural gas has since been constructed at the site.
Neptune is operator of the Adorf field. Wintershall Dea is a joint venture partner. Neptune's share in the Adorf Z15 well is 67%.
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For media inquiries:
Stefan Brieske, Annika Richter
+49 591 612 888
presse@neptuneenergy.com
About Neptune Energy Group
Neptune Energy is an independent global E&P company with operations across the North Sea, North Africa and Asia Pacific. The business had production of 144,000 net barrels of oil equivalent per day in 2019 and 2P reserves at 31st December 2019 of 633 million barrels of oil equivalent. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners.
More information: www.neptuneenergy.com
About Neptune Energy in Germany
Neptune Energy has many years' experience of onshore oil and gas production in Germany. The businesses have been present in Germany for more than 130 years. The subsidiary is active right across the country, with main assets concentrated in the North German basin, the Altmark and the Rhine Valley. Neptune supplies 7% of Germany's natural gas and 15% of its produced oil making Neptune No. 2 oil producer and No. 3 gas producer in the country. The company operates 30 of the 41 producing assets and 90 of the 115 licences in which Neptune has an interest. Neptune had German production of 12.6 kboepd per day in 2019.
More information in German: www.neptuneenergy.de
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Neptune Energy Group Holdings Ltd. published this content on 02 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2020 10:26:00 UTC
