Neptune Energy to boost Bramberge field production
Neptune Energy has unveiled plans to invest $19mn at one of its largest operated developments in Western Germany. Significant upgrades to the surface facilities at the main operating site at the Bramberge oil field, located in the municipality of Geeste, will enhance both efficiency and productivity.
Neptune Energy’s Managing Director for Germany, Andreas Scheck, said: ‘This investment further strengthens our position in the area and follows our acquisition in September last year of shares in oil and gas fields in western Lower Saxony from Wintershall Dea, including in the Bramberge field. The site enhancements will optimise our processing technology and increase the productivity of the field.’
Work is scheduled to be complete by early 2023.
Since the start of production in 1957, more than 140mn barrels of oil have been produced at Bramberge. Neptune produced almost 460,000 barrels from the field in 2019. Neptune is the field operator, hoding a 69.8% stake, partnered by BEB, with a 30.2% interest.