Neptune Energy has agreed to acquire interests in several oil and gas fields in the Emsland and the Grafschaft Bentheim region of Germany from Wintershall DEA, thus increasing its existing interests in Adorf, Apeldorn, and Ringe gas fields and in Adorf-Scheerhorn, Georgsdorf, and Ringe oil fields.
The deal, subject to partner approvals and expected to close in this year’s first half—will add 1,800 boe/d to Neptune’s production portfolio in Germany—a 10% increase.
Neptune operates all fields in the transaction except for Georgsdorf. The company acquired interests in various other fields of the Grafschaft Bentheim and Emsland region from Wintershall in 2019, adding 600 boe/d to the German production portfolio (OGJ Online, July 30, 2019).
Currently, Adorf Carboniferous gas field is under development after discovery in 2020 (OGJ Online, Nov. 2, 2020). The next development well is expected to be drilled in this year’s first half.
