The company discovered a 157ft gas column at the Diever-2 well, which is targeting the Diever West exploration prospect in the Drenthe IIIb production licence, onshore Netherlands.
The well has been drilled using Explorer TB2100S rig.
The company will set production casing in the well before testing and it is anticipated that Diever West will be tied into existing production facilities in the area.
Parkmead’s co-venturers in the licence are Vermilion Energy, NAM and EBN.
Parkmead executive chairman Tom Cross said: "We are delighted to report that a discovery has been made at Diever West.
"We are delighted to report that a discovery has been made at Diever West."
"This new field provides an excellent, additional near-term production opportunity for Parkmead."
The company has started a site survey at its Skerryvore offshore oil prospect, which is estimated to contain up to 122 million barrels of recoverable oil on a most likely P50 basis, in the UK North Sea ahead of drilling work that is set to begin in 2015.
Cross said: "Exploratory work is already underway at the exciting Skerryvore oil target.
"Skerryvore has the potential to add major value to Parkmead’s growing asset base."
