Neptune Energy has started drilling its operated Adorf Z17 gas appraisal well to a depth of some 4,600m in Georgsdorf, northwest Germany. OPERATIONS Rig operator KCA Deutag expects to reach the target depth in October 2022. KCA Deutag will remove an estimated 1,000 tonnes of CO2 emissions from the drilling operation by using power from […]
Tag: Neptune Energy plc
Neptune increases production from Gjøa
Neptune Energy today announced that production from 2020 to 2021 increased by two million barrels of oil equivalents (boe) from its operated Gjøa platform in the Norwegian North Sea. PRODUCTION The company said that gross production over the Gjøa platform ended on 42 million boe in 2021, compared with 40 million boe in 2020. A […]
Neptune Energy to appoint Pete Jones as CEO
Neptune Energy has appointed Pete Jones as the new chief executive officer from 1 January 2022. He will assume the position from Jim House who will retire on 30 December 2020. Mr Jones has been Neptune’s VP operations, Europe, since October 2019 and a member of the executive team since August 2018 when he joined […]
Neptune Energy CEO Jim House to retire
Neptune Energy today announced that Jim House will retire as chief executive officer on 31 December 2021. Mr House has been with Neptune for four years and played a formative role in building the business following its acquisition of ENGIE E&P International. He also oversaw significant improvements in safety, operational efficiency and reserves and resources. […]
Neptune to drill three more Norwegian Sea wells
Neptune Energy announced it had extended a contract for Odfjell Drilling’s Deepsea Yantai drilling rig, to include three additional wells in 2022 in the Norwegian North Sea. FENJA The company said that the Deepsea Yantai was currently drilling the production wells at the Neptune-operated Fenja field in the Norwegian Sea. The extension will include one […]
Neptune sells non-operated Norwegian assets for $35m
Neptune Energy today announced it would sell its non-operated working interests for $35 million in three producing fields and two export pipelines on the Norwegian Continental Shelf (NCS). INTERESTS The company said it had signed sale and purchase agreements with OKEA ASA and M Vest Energy. The assets include the producing Draugen, Brage and Ivar […]