Neptune Energy announced two important hydrocarbon discoveries have been made in northwestern Germany.

Initial results were positive following successful drilling of the Adorf Z15 gas well and the Ringe 6 oil well.

Drilling of the Adorf Z15 appraisal well, in the municipality of Emlichheim, reached final depth of 3,500 meters in the Carboniferous formation in February 2020. Subsequent production tests indicated flow rates of up to 1,700 boepd gross.

A processing plant for the natural gas will be constructed during H1 2020 with production expected to start towards the end of the year.

In the Ringe region, drilling operator Wintershall Dea began operations in December 2019 to develop an extension of the existing reservoir. The Bentheim sandstone formation was found to be oil bearing at a depth of 1,500 meters.

For completion and connection to the existing infrastructure, the project was handed back to production operator, Neptune, and production is expected to start from next week.

Neptune’s Managing Director in Germany, Andreas Scheck said: “The results of these 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.

About Neptune Energy Group

Neptune Energy is an independent global E&P company with operations across the North Sea, North Africa and Asia Pacific. The business had production of 144,000 net barrels of oil equivalent per day in 2019 and 2P reserves at 31st December 2019 of 633 million barrels of oil equivalent. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners.

About Wintershall Dea

Wintershall Dea is Europe’s leading independent natural gas and oil company with more than 120 years of experience as an operator and project partner along the entire E&P value chain. The company with German roots and headquarters in Kassel and Hamburg explores for and produces gas and oil in 13 countries worldwide in an efficient and responsible manner. With activities in Europe, Russia, Latin America and the MENA region (Middle East & North Africa), Wintershall Dea has a global upstream portfolio and, with its participation in natural gas transport, is also active in the midstream business.

Wintershall Dea was formed from the merger of Wintershall Holding GmbH and DEA Deutsche Erdoel AG, in 2019. Today, the company employs around 2,800 people worldwide from over 60 nations.