Neptune Energy announced on 29 July 2019 that it had entered into an agreement with Wintershall Dea for the acquisition of interests in the BrambergeÂ¸ Annaveen-Emslage and Meppen-Schwefingen oil and gas fields in the Emsland region as well as in some undisclosed gas fields which Neptune Energy is operating in the Grafschaft Bentheim region. The deal, which is subject to regulatory and partners approval and expected to close during the third quarter of 2019, will increase Neptune Energyâs net production by approximately 600 boe/d, which represents a 5% production increase for the companyâs German production.  The Bramberge oil and gas field is covered by the 10-sq km Bramberge concession which operated by Neptune Energy. The field produced 524,422 bbl of oil and 197,448 Mcf of gas in 2017. Wintershall Dea reported on 29 July 2019 to hold a 22.42% interest in the concession.  The Annaveen-Emslage abandoned field is covered by Lingen-Hebelermeer III, IV and V concessions. Wintershall Dea reported to hold 7.5% in the concessions which are operated by BEB Erdgas & Erdoel (An Exxon Mobil and Shell JV).  The Meppen-Schwefingen field is covered by the Lingen-Meppen I and II concessions operated by Neptune Energy. Wintertshall Dea declared to hold a 10.4% interest in the field which produced 151,719 bbl of oil and 36,808 Mcf of gas in 2017.  It is understood that the gas fields located in Grafschaft Bentheim region are Frenswegen-Denekamp, Itterbeck-Halle and Kalle, all operated by Neptune Energy with a 50% interest with a 25% participation of Wintershall Dea.
Neptune Energy Group Ltd, Wintershall Dea GmbH - Neptune acquires interest in Bramberge, Annaveen-Emslage, Meppen-Schwefingen and numerous undisclosed fields in northwest Germany from Wintershall Dea