UK

We are an active offshore operator in the UK, with substantial North Sea interests in gas production, subsea development and exploration.

Key numbers

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of total production

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2P reserves

Operations in the UK

Neptune manages UK offshore oil and gas fields across the life cycle of E&P from our operational base in Aberdeen. Group strategy is coordinated in London at our global headquarters.

Neptune has interests in 24 production licences and 4 exploration licences in the UK. We operate the Cygnus gas field, the UK’s largest single producing field, which supplies the equivalent of 1.5 million homes. The Seagull oil and gas development project comes on stream in 2022, providing long-term growth in the UK portfolio. Exploration activity is ongoing with two wells in the next two years, including one of the largest undrilled prospects in the North Sea. Two fields, Juliet and Minke, are currently being decommissioned.

Neptune Energy UK
Pro forma Information
December 2018 (period 15 February to 31 December) 12 months to December 2018 12 months to December 2017
Total production (mmboe) 5.5 6.3 6.6
Daily average production
Dry gas production (kboepd) 16.7 16.9 17.6
Liquid production (kbpd) 0.4 0.4 0.4
Total production (kboepd) 17.1 17.3 18.0

 

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Assets in UK

Pipeline assets in UK

Development project assets in UK

Operated assets in UK

Partner-operated assets in UK

Operated
Cygnus

The Cygnus field supplies six per cent of the UK’s gas production, enough to fuel 1.5 million UK homes.

Development project
Cygnus Gas Compression

Two turbine-driven gas compressors on the Cygnus Alpha platform to bolster gas pressure for gas export to shore.

Development project
Pegasus

A tie-back reception facility for third-party gas on Cygnus.

Development project
Seagull

A three-well subsea tie-back project to connect with existing facilities on the Heron pipeline and hosted by the BP ETAP facility.

Abandonment and decommissioninng

Neptune is decommissioning the Juliet and Minke fields in the southern North Sea Basin. Production has ceased at eleven partner-operated assets.

Modern slavery

As required by the Modern Slavery Act 2015, we publish an annual statement, setting out what the Company is doing to prevent slavery and human trafficking in its operations and supply chains.

REMIT

REMIT is an EU regulation on wholesale energy market integrity and transparency. It has been in force since 2011 and is an important mechanism for preventing market abuse. Under REMIT, all market participants are required to provide effective and timely public disclosure of any inside information in their possession.

Pete Jones

Managing Director, UK

Pete Jones has over 25 years' international experience in upstream oil and gas.

Pete has a proven track record of leading asset and regional teams and improving operating and safety-related performance while optimising cost structures to deliver key business objectives. Most recently, he was Managing Director at Taqa Europe. Before that he held senior managerial positions at Marathon Oil, including UK Managing Director and Regional Vice President.

Pete has a proven track record of leading asset and regional teams and improving operating and safety-related performance while optimising cost structures to deliver key business objectives. Most recently, he was Managing Director at Taqa Europe. Before that he held senior managerial positions at Marathon Oil, including UK Managing Director and Regional Vice President.