News | August 18, 2022

Neptune Energy Commences Drilling At RÓ§merberg Field

Neptune Energy today announced drilling has begun on a new production well at its operated Romerberg oil field in the Rhine Valley, south-western Germany.

It is the ninth production well on the Romerberg field and is expected to come onstream in Q4 this year. Average production from the field is approximately 2,000 boepd.

Neptune Energy’s Managing Director in Germany, Andreas Scheck, said: “Securing energy supplies is a top priority across Europe and particularly here in Germany. By unlocking additional supplies of much-needed domestic energy, Neptune is supporting the needs of industry and consumers in Germany.”

An application to increase production from the field, currently limited to 500 tons of crude oil per day, is in the final stages. Once approved, Neptune intends to progress plans to drill additional production wells to develop the reservoir further.

The new production well is being drilled with a rig operated by Drilltec, with final vertical depth of around 2,180 metres expected to be reached in October this year.

The Romerberg oil field was discovered in 2003 and began producing in 2007.

Partners: Neptune Energy (operator, 50%), Palatina GeoCon (licence owner, 50%)

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.

Source: Neptune Energy