Neptune Energy today announced its financial results for the three months ended 31 March 2022.
Good operational performance, with production in line with guidance
Investment aligned with energy security priorities
Continued progress with ESG, low carbon projects
Strong financial performance, higher tax charge
Neptune Energy’s Chief Executive Officer, Pete Jones, said: “Neptune delivered strong operating and financial results in the first quarter, while continuing to invest in energy security across Europe. We will invest more than $700 million this year in new sources of supply, which will support the delivery of 47 kboepd of new production from next year.
“We continue to make progress with our low carbon strategy and are on track to complete the electrification of our second asset in Norway by the end of this year. CCS is key to us going beyond net zero by 2030 – and we are maturing existing opportunities, while evaluating additional possibilities in the UK, Norway and the Netherlands.”
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