We are an active offshore operator in the UK, with substantial North Sea interests in gas production, subsea development and exploration.
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.
Two turbine-driven gas compressors on the Cygnus Alpha platform to bolster gas pressure for gas export to shore.
A three-well subsea tie-back project to connect with existing facilities on the Heron pipeline and hosted by the BP ETAP facility.
Neptune Energy is decommissioning the Juliet and Minke fields in the southern North Sea Basin. Production has ceased at eleven partner-operated assets.
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 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 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.
NNeptune Energy is an independent oil and gas exploration and production company with a regional focus on the North Sea, Europe, North Africa and Asia Pacific. It aims to develop its operational capability, international reach and scale to become the world’s leading independent E&P company.