Neptune Energy chooses cesium formate fluid to improve HPHT well performance

Aberdeen, Scotland – 21 December 2021
Neptune Energy's Seagull HPHT field development soars high with cesium formate completion fluids.

Sinomine Specialty Fluids has been awarded a contract with a potential value of US$ 16.3 million from Neptune Energy for cesium formate high-density completion fluid and brine-weighted perforation pills for its Seagull HPHT field development in the Central North Sea. The perforation pills are mixed at Sinomine’s facilities in Aberdeen and delivered ready to use.

Christian Busengdal, Business Director Europe for Sinomine Specialty Fluids, is delighted to see the company become a supplier to Neptune Energy. Christian says: “This contract is Sinomine Specialty Fluids’ first with Neptune Energy, and thus a milestone for the company. We trust the experience from Seagull will lead to new opportunities where cesium formate fluids help Neptune Energy enhance production from challenging wells”.

Seagull is a four-well subsea tie-back high-pressure, high-temperature (HPHT) development located in the Central North Sea on UK licence P1622 Block 22/29C, 17 km south of the BP Operated ETAP Central Processing Facility. Reserves are estimated at 50 million boe. First oil is projected for 2023.

About Neptune Energy

Neptune Energy is an independent global E&P company with operations across Europe, North Africa and Asia Pacific. The business had production of 142,000 net barrels of oil equivalent per day in 2020 and 2P reserves at 31st December 2020 of 601 million barrels of oil equivalent.