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 processes the oil produced from the field via several process plants in the area which measures approximately 39,000 sqm. Operations began in the late 1950s and the newly announced program of investment will support continued production.
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.”
Refurbishment of the existing processing plant is expected to be carried out across two phases and will involve dismantling storage tanks for reservoir water and crude oil, installation of new foundations and construction of new storage tanks. Further installation work of supporting infrastructure will then be carried out.
The installation of two new separators will improve processing efficiency, while the modernised facilities and technologies will also be more compact, resulting in a reduction of the overall footprint of the operating plant. Work is scheduled to be complete by early 2023.
Since the start of production in 1957, more than 140 million barrels (bbl) have been produced at Bramberge. In 2019, Neptune produced almost 460,000 bbl from the field. The partners are Neptune (69.8 per cent and operator) and BEB (30.2 per cent).
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About Neptune Energy Group
Neptune Energy is an independent global E&P company with operations across the North Sea, North Africa and Asia Pacific. The business had production of 162,000 net barrels of oil equivalent per day in 2018 and 2P reserves at 31st December 2018 of 638 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.