Neptune Energy has started production on the Fenja joint venture oil and gas field in the Norwegian Sea. FENJA Fenja is located 120km north of Kristiansund at a water depth of 325 metres. Neptune estimates total reserves of between 50 and 75 million boe, of which 75% is oil and 25% is gas. PRODUCTION Fenja […]
Tag: Neptune Energy
Neptune-Spirit bring 11th well on stream at Cygnus
Neptune Energy and its partner Spirit Energy today began production from the 11th well at its operated Cygnus gas field in the southern North Sea. SUPPLY The new well is expected to produce approximately 4,000 boepd, enough gas to heat approximately 200,000 UK homes. Together with the 10th well which came onstream earlier this year, […]
Neptune contributes record $4.8bn GVA
Neptune Energy said it had provided record levels of support for European economies, with additional contributions outside the continent, from its global oil and gas activities. IMPACT The figures, from an economic impact analysis by Oxford Economics and included in Neptune’s annual report, show contributions of $4.8 billion gross value added (GVA) and support for […]
Neptune joins EITI for transparent reporting
Neptune Energy has joined the Extractive Industries Transparency Initiative (EITI) designed to improve accountability for revenues paid and received for a country’s oil, gas and mineral resources. PUBLIC AWARENESS Signatories commit to reporting transparently their operations in EITI-supporting countries to help inform policymakers and raise standards of governance. “We are proud to help uphold the […]
Neptune-Spirit start production from tenth Cygnus well
Joint venture partners Neptune Energy and Spirit Energy have started production from the tenth well at the Cygnus gas field in the UK Southern North Sea. EMISSIONS Operator Neptune (38.75%) said yesterday that drilling was carried out by Borr Drilling’s Prospector 1 jack-up rig. The rig is the first in Borr’s fleet to be equipped […]
Neptune begins drilling Adorf Z18 production well
Neptune Energy said that drilling began today at its operated Adorf Z18 gas production well in the municipality of Georgsdorf, northwestern Germany. ADORF FIELD The well is being drilled by KCA Deutag, with final depth of around 4,700 metres expected to be reached in June this year. The Adorf Carboniferous gas field (100%) was discovered […]