Neptune is a conventional oil development located in shallow water in Russia and is operated by Gazprom Neft Shelf. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Neptune was discovered in 2017, lies in block Ayashsky, with water depth of around 203 feet. Buy the profile here.
The project is currently in feasibility stage and is expected to start commercial production in 2025. The Neptune conventional oil development will includes gravity based platform.
Field participation details
The field is owned by Gazprom.
Production from Neptune
Production from the Neptune conventional oil development project is expected to begin in 2025 and is forecast to peak in 2029, to approximately 115,874 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2066.
Remaining recoverable reserves
The field is expected to recover 619.24 Mmboe, comprised of 619.24 Mmbbl of crude oil & condensate.
About Gazprom Neft Shelf
Gazprom Neft Shelf LLC,(Gazprom Neft Shelf) is a subsidiary company of Gazprom Neft. The company is engaged in the production of crude oil across the Russian Arctic shelf (Prirazlomnoye field) .Gazprom Neft Shelf is headquartered in Russia.
For more details on the Neptune Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
