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Neptune Energy secures renewable energy electricity supplies for German assets

Neptune Energy secures renewable energy electricity supplies for German assets

 

Neptune Energy has secured new renewable electricity supplies for its operated assets in Germany, reducing emissions by more than 11,000 tonnes of CO2 per year, a 40% reduction in the company’s scope two emissions in the country.

Reducing emissions in the production of oil and gas is a key part of Neptune’s lower carbon strategy. In addition to using electricity from renewable energy to power its onshore assets in Germany, Neptune uses electricity from shore at its operated Gjøa field in Norway and at its Q13a-A platform in the Netherlands.

Using electrical power from shore at these sites led to a reduction of an estimated 226,000 tonnes of CO2 emissions in 2021.

Neptune Energy’s Director of Global Operations & Electrification, Mungo McLeish, said: “Electrification plays a critical role in our decarbonisation strategy. By the end of 2022, more than 35 kboepd of Neptune’s net annual production will be electrified.

“With further electrification projects planned in Norway, we aim to have around 50 kboepd electrified by 2027, and will continue to investigate opportunities to electrify assets within our portfolio.”

Under the new supply agreement in Germany, a Certificate of Origin has been issued to Neptune, guaranteeing electricity is provided from renewable energy sources.

Read the latest issue of the OGV Energy magazine HERE

Published: 05-05-2022

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