Neptune Energy discovers oil in Rhine Valley exploration

Neptune Energy discovered oil in the Schwegenheim exploration well in the Rhine Valley, Germany. Further assessment is required to determine if oil can be produced economically from the structure. The well has been suspended.

Drilling operations were carried out to a depth of 2,600 m between September and November 2019. The Bunter sandstone reservoir, equivalent to the nearby Römerberg structure, was dry but two secondary target upper layers were oil bearing.

Up to 1,500 bbl of crude oil from this well was transported to the 14.9 million-tpy Mineraloelraffinerie Oberrhein GMBH (MiRO) refinery in Karlsruhe.

Neptune will apply to the Rhineland-Palatinate state responsible mining authority for necessary permits for further production in Schwegenheim.

Neptune Energy is operator (50%) with partner Palatina GeoCon (50%).