Neptune Energy’s partner and operator Equinor has discovered oil and gas near the Fram field in the Norwegian North Sea. ESTIMATES Neptune holds a 15% share in the discovery, which lies within the Equinor-operated Fram licence area. “Preliminary estimates of the size of the discovery are between 1.5 and 5.5 million standard cubic metres (Sm3) […]
Tag: Neptune Energy
Neptune starts production from fourth Adorf well
Neptune Energy began first production from its operated Adorf Z18 gas well in the municipality of Georgsdorf, north western Germany. PROCESSING PLANT The company expects the Z18 well, in the Carboniferous formation, to increase production from the Adorf licence by about 1,900 barrels of oil equivalent per day to around 8,200 boepd. Construction of a […]
Neptune agrees conditional $4.9bn sale to Eni-Vår Energi
Neptune Energy has agreed a conditional aggregate $4.9 billion sale of its assets, except those in Germany, to Eni International BV and Vår Energi ASA. NEW PHASE The deals, rumoured for several months, with the Italian major and its subsidiary are subject to, among other things, regulatory approvals with completion expected by the end of […]
Neptune starts production at Adorf Z17
Neptune Energy has begun first production from its operated Adorf Z17 gas well in Georgsdorf, northwest Germany. GAS WELLS The company expects the well to increase production from the Adorf licence by 1,800 barrels of oil equivalent per day to around 6,300 boepd. Construction of a dedicated processing plant at the site for treatment of […]
Neptune awards £100m drilling services contract
Neptune Energy has awarded a contract of more than $100 million to Tenaris for equipment and services to support drilling activities on the Norwegian Continental Shelf. GJØA AREA The five-year contract, with two options for two-year extensions, covers the manufacture, transport, handling and repair of a range of casing materials used in offshore drilling activities. […]
Neptune welcomes opening of upgraded Njord field
Neptune Energy welcomed the official opening of the Njord field, following a major upgrade, in the Norwegian Sea. DEVELOPMENTS The company which holds 22.5% said Njord, operated by Equinor Energy, is expected to produce oil and gas for another 20 years. The Njord Area will provide Neptune with net production of 30,000 barrels of […]