Posted: 06/04/23

New gas discovery comes onstream

 

Parkmead, the independent energy group, is pleased to announce the commencement of gas production from its new LDS-01 discovery in the Netherlands. 

 

The LDS-01 structure was successfully drilled around the end of 2022. The well has been tied into the neighbouring commercial gas production infrastructure in just a few weeks, demonstrating again the operational efficiency of Parkmead’s low-cost assets onshore the Netherlands, where operating costs are less than $9 per barrel equivalent.

 

This new discovery is in its initial clean up period, and early flow rates suggest that Parkmead will benefit from a material increase in daily net production. 

 

We look forward to updating shareholders with further information in due course.

 

The full pdf version of the announcement can be viewed here.