Neptune Energy Commences Drilling At Adorf Gas Development

Neptune Energy today announced drilling has begun at its operated Adorf Z18 gas production well in the municipality of Georgsdorf, northwestern Germany.

The well is being drilled by KCA Deutag, with final depth of around 4,700 metres expected to be reached in June this year.

Neptune Energy’s Managing Director in Germany, Andreas Scheck, said: “The Adorf Carboniferous field development is one of our most promising activities in Germany and demonstrates our desire to grow the business here.

“The Adorf field is already an important contributor to domestic energy supplies in Germany, providing enough gas to heat more than 100,000 households.”

The Adorf Carboniferous gas field was discovered in 2020 and the first well - Adorf Z15 - was brought into production in October the same year. A second well - Adorf Z16 - increased Neptune’s production from the licence to around 4,000 boepd at the beginning of 2022. The third well - Adorf Z17 - reached its final depth at the end of 2022 and will be tested for production this quarter.

The construction of a modern treatment plant for the natural gas from Adorf Z17 and Z18 is ongoing.

Neptune Energy owns 100% of the Adorf Carboniferous gas field.

About Neptune Energy Group
Neptune Energy is an independent global E&P company with operations across Europe, North Africa and Asia Pacific. The business had production of 130,000 net barrels of oil equivalent per day in 2021 and 2P reserves at 31st December 2021 of 604 million barrels of oil equivalent. Neptune aims to store more carbon than is emitted from its operations and the use of its sold products by 2030. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners. For more information, visit www.neptuneenergy.com