The Parkmead Group reported consistent average production rates from the LDS-01 discovery well on the Drenthe VI joint venture licence since coming on stream.
OPTIMISATION
The licence, in the Diever West field containing the Lheebroek prospect, is in the north of the Netherlands.
The company said that LDS-01 had average rates close to 5,000 boepd (gross) and upwards of 370 boepd (net) throughout November, December and in the year to date.
Parkmead’s overall average net production over the same period from all the Dutch gas assets continues to exceed 430 boepd, the group’s highest level of gas production since April 2020.
“The total volume of gas produced from LDS-01 to date has now significantly exceeded the predicted P50 (most likely) gas reserves case,” added the company.
In October, the Diever-02 well was shut in for LDS-01 to start producing. The company expects a production plan to optimise both wells together.
The figures excludes gas condensate production from the wells, which is reported separately to the dry gas production.
Parkmead added that production from its Geesbrug (GSB-01) well came back “strongly” at rates approximately 50% greater than before, following a successful mini-coil clear-out in late 2023.
The well continues to be the company’s biggest producer outside the Drenthe VI concession.
Executive chairman Tom Cross said that work was also progressing on potential development of the Papekop gas field targeting 35.6bcf gross gas reserves with first production in 2027.
The JV has recently reviewed the area’s prospectivity, which identified “a number of exciting new leads and prospects” to be matured in 2024.
“Parkmead’s Dutch gas assets continue to yield successful discoveries and enhanced production from some of the most prolific onshore fields in the Netherlands.
“These fields perform exceptionally well with very low operating costs.”
Licence partners comprise operator Vermillion Energy (52.5%), EBN (40%) and Parkmead (7.5%).