Neptune Energy
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Total structure discovered could hold as much as 5 Tcf of gas in place. -
The all-cash deal aims to strengthen the Italian supermajor's role as a key supplier of gas to European markets.
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Life-extension project will double the facility’s life in hopes to double its output to date.
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Construction of a treatment plan for the natural gas from latest wells is ongoing.
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New well near Speyer, Germany adds 1,800 B/D of new production
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The well is targeting middle and lower Jurassic-aged reservoirs.
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If successful, the production could be tied back to the nearby Gjoa platform.
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Neptune Energy, ExxonMobil, Rosewood, and EBN have agreed to cooperate on the L10 Carbon Capture and Storage project in the Dutch North Sea.
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Plan to double gas output in order to help ease supply issues in Europe caused by Russian invasion.
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A sidetrack is planned to confirm commercial quantities of oil and gas.
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