Neptune Energy will spend $23 million on a targeted decommissioning program in Germany this year, plugging and abandoning wells which have ceased production and removing associated infrastructure, the company said in a release Mar. 28.
The company plans to spend about $112 million on decommissioning efforts across its global portfolio this year.
In Germany, operations have been completed on the plugging and abandonment (P&A) of a well in Bentheim gas field, in western Lower-Saxony, with a second well on the field due to be decommissioned later in 2023.
It follows the P&A of two wells in Itterbeck-Halle field in recent months, the company said.
Last year, Neptune spent $12 million on abandonment and renaturation activities in the country.
Plans are also being developed for decommissioning operations in Fronhofen gas field, Reitbrook West oil field, and Victorbur mud pit.