NEPTUNE ENERGY IS AN INTERNATIONAL INDEPENDENT OIL AND GAS EXPLORATION AND PRODUCTION COMPANY WITH A REGIONAL FOCUS ON NORTH SEA, NORTH AFRICA AND SOUTH-EAST ASIA.
Neptune Energy’s portfolio is diverse and offers multiple growth opportunities. The North Sea is a core region, with a strong operating platform, with the Gjøa and Cygnus assets, and potential to enhance value.
In Norway Neptune has participations in e.g. Njord (oil & gas) and Snøhvit / Hammerfest (Gas/ LNG). Germany provides a leading onshore position and access to material upside. North Africa (e.g. Touat) offers great potential for volume growth and is a key supplier of European markets.
In Australia Neptune operates the Bonaparte project with Petrel gasfields. In Indonesia Neptune participates in Jangkrik, which gas is liquefied via Bontang LNG, while South East Asia has fast growing gas demand and an established E&P business environment.
The business had production of 166,000 net barrels of oil equivalent per day during H1 2018 and 2P reserves at 31st December 2017 of 542 million barrels of oil equivalent. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners.
The Jangkrik project comprises the gas fields Jangkrik and Jangkrik North East, located in the Muara Bakau block, Kutei basin, in the deep water of Makassar Strait. (Operator ENI, Neptune Energy is participating in this project)
Production from ten deep-water subsea wells, connected to the newly built Floating Production Unit (FPU) Jangkrik, will gradually reach 450 (mmscf/d), equivalent to 83,000 (boed). The gas, once processed onboard the FPU, will flow via a dedicated 79km pipeline to the onshore receiving facility, both built by Eni, and then through the East Kalimantan Transportation System, finally reaching the Bontang gas liquefaction plant.