Neptune Strikes Oil, Gas in Germany

UK privately-held explorer Neptune Energy has found oil and gas in northwestern Germany, it said April 22. "Initial results were positive following successful drilling of the Adorf Z15 gas well and the Ringe 6 oil well," it said.

Drilling of the Adorf Z15 appraisal well, in the municipality of Emlichheim, reached final depth of 3,500 metres in the carboniferous formation in February 2020. Subsequent production tests indicated flow rates of up to 1,700 barrels of oil equivalent/day gross.

The company will build a gas processing plant in the first half of the year with production expected to start towards the end of the year. In the Ringe region, drilling operator Wintershall Dea has developed the oil-bearing Bentheim sandstone at 1,500 metres depth. For completion and connection to the existing infrastructure, the project was handed back to production operator, Neptune, and production is expected to start late April or early May.

Neptune said "the two successful wells underline the great potential for future oil and gas production in the region and will enable us to increase our production significantly. I would like to thank everyone involved.”

 Neptune is operator of the Adorf and Ringe fields. Wintershall Dea is a joint venture partner. Neptune’s share in the Adorf Z15 well is 66.7% and 45% in in Ringe.