Neptune Energy and Sonatrach announced first gas export production from the Touat gas development in Algeria. Touat will deliver around 75,000 barrels of oil equivalent per day at plateau. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners.
Neptune Energy, founded by Sam Laidlaw, today announced it has agreed to acquire interests from Eni in the Kutei basin Production Sharing Contracts (PSC), offshore Indonesia. The agreement will see Neptune acquire a 20 per cent working interest in the East Sepinggan PSC and a 30 per cent working interest in the East Ganal PSC.