Skip to main content

Neptune Energy acquires interests in German oil and gas fields from Wintershall Dea

Published by
Oilfield Technology,


Neptune Energy has agreed to acquire interests in several oil and gas fields in the Emsland and the Grafschaft Bentheim region of Germany from Wintershall Dea. The agreement will increase Neptune’s existing interests in the Adorf, Apeldorn and Ringe gas fields and in the Adorf-Scheerhorn, Georgsdorf and Ringe oilfields.

It will add approximately 1800 boe/d to Neptune’s production portfolio in Germany – an increase of around 10%.

Neptune operates all the fields that are part of the transaction, with the exception of the Georgsdorf oilfield.

In 2019, Neptune acquired interests in various other fields of the Grafschaft Bentheim and Emsland region from Wintershall Dea, which added approximately 600 boe/d to its German production portfolio.

Neptune Energy’s managing director for Germany, Andreas Scheck, said: “Increasing our interest in these fields is of strategic importance for us, enhancing our production and underlining our commitment to a key producing area in Germany.

“We have been an operator or partner in these fields for many years and are well-positioned to leverage our experience in this region, which has long-term potential for energy production.”

The transaction is subject to partner approvals, with completion expected in the first half of 2021.

This announcement builds on Neptune’s commitment to continuously optimise existing production in a sustainable way and to develop new assets in this core region. Currently, the Adorf Carboniferous gas field is under development after successful discovery in 2020. The next development well is planned to be drilled in the first half of 2021.


Read the latest issue of Oilfield Technology in full for free: Oilfield Technology's November/December 2020 issue

The November/December issue of Oilfield Technology begins by reviewing the state of the North Sea before moving on to cover a range of topics, including Drilling Technologies, Deepwater Operations, Flow Control.

Contributors come from Varel Energy Solutions, Gyrodata, Clariant Oil Services, Drillmec and many more.

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/19022021/neptune-energy-acquires-interests-in-german-oil-and-gas-fields-from-wintershall-dea/

You might also like

 
 

Embed article link: (copy the HTML code below):