Neptune to acquire interests in German oil & gas fields

Neptune Energy today announced it has agreed to acquire interests in several oil and gas fields in the Emsland and the Grafschaft Bentheim region of Germany from Wintershall Dea. The agreement will increase Neptune’s existing interests in the Adorf, Apeldorn and Ringe gas fields and in the Adorf-Scheerhorn, Georgsdorf and Ringe oil fields.

It will add approximately 1,800 barrels of oil equivalent per day (boepd) to Neptune’s production portfolio in Germany – an increase of around 10%.

Neptune operates all the fields that are part of the transaction, with the exception of the Georgsdorf oil field.

In 2019, Neptune acquired interests in various other fields of the Grafschaft Bentheim and Emsland region from Wintershall Dea, which added approximately 600 boepd to its German production portfolio.

Neptune Energy’s managing director for Germany, Andreas Scheck, said: “Increasing our interest in these fields is of strategic importance for us, enhancing our production and underlining our commitment to a key producing area in Germany.

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