Neptune Energy has begun work on the tenth gas well with an infill drilling campaign at its operated joint venture Cygnus gas field in the southern North Sea. GAS HEATING Cygnus partners comprise Neptune as operator (38.75%) and Spirit Energy (61.25%). The company said that the operation had the potential to unlock enough gas to […]
Tag: Neptune Energy
Neptune starts drilling ninth Rӧmerberg production well
Neptune Energy has started drilling on a new production well and plans to increase production further at the joint venture Rӧmerberg oil field in the Rhine Valley, southwest Germany. RÖMERBERG The 50-50 JV is between the company as operator and licence owner Palatina GeoCon. Holding “significant” reserves, the 5–6 km² oil field was discovered in […]
Neptune to add further two wells on Cygnus
Neptune Energy said it had begun drilling its 10th well on the Cygnus gas field in the UK southern North Sea. HIGHER OUTPUT The second of a two-well programme is due to come onstream during 2023, with both wells helping to maintain production, said the company in its half-year results. Neptune also plans to increase output during […]
Neptune Energy’s profits rise to $761.7 million
Neptune Energy announced profits of $761.7 million (£627m) in the first six months of 2022 from its portfolio of oil and gas operations. OPERATIONS The H1 2022 profits are more than a seven-fold increase from H1 2021 at $100.3m. The company’s financial results for the first half of 2022 showed a strong financial performance supported […]
Neptune awards £10m vessel services contract
Neptune Energy has awarded a £10 million three-year vessel services contract to Sentinel Marine Ltd, to provide offshore support for the Cygnus gas field in the UK southern North Sea. EMISSIONS The contract, which includes two one-year extensions, allows Sentinel Marine to continue deploying its multi-role, emergency response and rescue vessel Cygnus Sentinel, on the gas […]
Neptune begins drilling Ofelia exploration well
Neptune Energy has started drilling on the Ofelia exploration oil well in the Norwegian sector of the North Sea. OFELIA The Ofelia prospect is located 13km north of the Gjøa field within the Neptune-operated PL929 licence, and lies in one of Neptune’s core areas and close to existing infrastructure. The reservoir target is the Lower […]