Neptune Energy Deutschland GmbH, member of Neptune Energy Group Ltd, disclosed on 22 April 2020 that the development well Ringe 6 in the Ringe production concession in northwestern Germany is a successful oil well. The well, drilled to the final depth of 2,000 m (MD) on 10 March 2020, is going to be connected to the existing infrastructure and production is expected to start from end-April.  Ringe 6 was spudded on 30 January 2020. The well is located in northwestern Germany, close to the border with the Netherlands, within the Lower Saxony Sub-basin, tectonic unit of the Northwest German Basin.  The well, drilled as a deviated hole, had a planned total depth of approximately 1,500 m (TVD) and was targeting the Hauterivian-age Bentheim sandstone series (regional reservoir in the area).  Ringe 6 has the same drilling location as previously drilled Ringe 5. The spud of the well was initially expected in (?mid-)November 2019, with the conclusion in December. On 31 January 2020, Neptune disclosed the drilling unit was on site, with the well spud imminent. The final depth in the well was expected to be reached within a month and the well was to be tested so that the entire operation is scheduled would take six weeks to conclude. By the end of January 2020, the well reached a depth of 83 m. In February 2020, 1,831 m had been drilled to reach a depth of 1,914 m. In March 2020, 86 m was drilled to reach the final depth. The well was tested during end-March/early April 2020.  The well Ringe 6 was a joint operation of Neptune Energy (55%) and Wintershall Dea (45%).  Background Information  The Ringe oil field was discovered in 1948 and produced some 206 Mb of oil in 2018 (the under-saturated oil is heavy and viscous with high wax content). The Bentheim reservoir unit is 20-35 m thick, with porosities in the 25-28% range and permeability in the Darcy range. The Ringe pool is located on trend with the Adorf and Emlichheim SÃ¼d fields.  The last activity on the Ringe field dates to mid-2012, when predecessor to Neptune Energy, GDF SUEZ E&P Deutschland GmbH, pronounced the Ringe 5 production well as a successful oil well. Ringe 5 reached the final depth of 1,578 m (12 March to 20 April 2012 operation).
Neptune (op.50%, Wintershall Dea 25%, BEB Erdgas 25%) has announced 2 important hc discoveries:  Adorf Z15 appr. gas well in the Adorf block, reached  TD=3 500m in the Carboniferous Fm, production tests indicated flow rates of up to 1700 boe/d gross, and Ringe 6 oil well in Ringe block.