Executive Chairman and founder Sam Laidlaw set up Neptune Energy with private equity investors in 2015 to invest in large oil and gas portfolios.
The acquisition of ENGIE E&P International (EPI) in February 2018 marked a new beginning for the Company. This transformative transaction made Neptune one of Europe’s largest international independent E&P companies. At the same time, China Investment Corporation (CIC) became the company's largest single shareholder.
Neptune is an international independent oil and gas exploration and production company, with a regional focus on the North Sea, North Africa and Asia Pacific.
In the North Sea, their core region, Neptune have a strong operating platform. With their Gjøa and Cygnus assets driving success, there is great potential for enhanced future value. Germany provides a leading onshore position and access to material upside. Meanwhile, in North Africa, a key supplier of European markets, there is the prospect of considerable volume growth. The company's presence in the Asia-Pacific region is fuelled by fast-growing gas demand in a well-established E&P business environment.
Production
Neptune’s total Group production for 2020 averaged 142.4 kboepd, within its revised guidance range of 140-145 kboepd. Including production-equivalent loss of production insurance payments, production was 143.8 kboepd, which was unchanged on 2019.
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