Neptune Energy announced first production from its operated Adorf Z18 gas well, in the municipality of Georgsdorf, north western Germany.

The Z18 well - in the Carboniferous formation - is expected to increase Neptune’s production from the Adorf licence by about 1,900 barrels of oil equivalent per day to around 8,200 boepd.

Construction of a dedicated processing plant at the site for treatment of the gas was also completed earlier this year.

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

The Adorf gas field was discovered in 2020 and the first well, Adorf Z15, was brought into production in the same year. A second well, Adorf Z16, started production at the beginning of 2022. A third well, Adorf Z17 increased Neptune’s production from the licence to around 6,300 boepd in June 2023.

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 135,000 net barrels of oil equivalent per day in 2022 and 2P reserves at 31st December 2022 of 552 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.