The LDS-01 structure was successfully drilled around the end of 2022
Parkmead starts production from new Dutch gas discovery. (Credit: Anita starzycka from Pixabay)
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.
Source: Company Press Release