International E&P impartial, Neptune Vitality, has devised a focused decommissioning program for its belongings in Germany. This system, valued at $23 million over 2023, will embody plugging and abandoning wells which have ceased manufacturing and eradicating related infrastructure.
Operations have now been accomplished on the plugging and abandonment (P&A) of a properly within the Bentheim gasoline discipline, positioned in western Decrease-Saxony, with a second properly on the sphere as a consequence of be decommissioned later in 2023, the corporate mentioned in its assertion.
It follows the P&A of two wells within the Itterbeck-Halle discipline in latest months.
“Neptune continues to play an vital position in supporting power safety in Germany, working manufacturing belongings throughout Jap and Western Germany, and within the Rhine Valley within the south,” Andreas Scheck, Managing Director for Neptune Vitality in Germany, mentioned.
“Decommissioning is a crucial and pure step within the lifecycle of our enterprise and we’re dedicated to returning these websites to nature safely and accountable, as soon as manufacturing has ceased,” Scheck mentioned.
Final yr, Neptune spent $12 million on abandonment and renaturation actions within the nation. Plans are additionally being developed for decommissioning operations within the Fronhofen gasoline discipline, the Reitbrook West oil discipline, and the Victorbur mud pit, the corporate mentioned.
Neptune operates eight gasoline fields and 6 oil fields throughout central and japanese Germany, with 170 wells at present lively. The Altmark discipline in Saxony-Anhalt is a specific focus. This pure gasoline and condensate discipline has been producing since 1969. When Altmark was first found it was the second largest gasoline reservoir in mainland Europe, in line with Neptune.
Different operations embody the Schneeren/Husum gasoline discipline close to Hanover, gasoline fields in Thuringia, and the Lütow, Mesekenhagen and Kietz oil fields.
Throughout its world portfolio, Neptune Vitality expects to spend roughly $112 million on decommissioning actions in 2023.
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