Neptune is a producing conventional gas field located in shallow water in the UK and is operated by Perenco UK. The field is located in block 47/5c BLOCK 47/5C (NEPTUNE), 42/29a NEPTUNE AREA, 42/29a NEPTUNE AREA (CARBONIFEROUS AREA), 47/4b NEPTUNE FIELD AREA C (CARBONIFEROUS AREA), and 47/4b NEPTUNE FIELD AREA (C), with water depth of 162 feet.
Field participation details
The field is owned by Perenco Holdings.
Production from Neptune
The Neptune conventional gas field recovered 97.50% of its total recoverable reserves, with peak production in 2001. The peak production was approximately 0.83 thousand bpd of crude oil and condensate and 194 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2029.
Remaining recoverable reserves
The field is expected to recover 1.8 Mmboe, comprised of 0.01 Mmbbl of crude oil & condensate and 10.75 bcf of natural gas reserves.
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.