THE PARKMEAD GROUP PLC 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.
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The Parkmead Group plc published this content on 06 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 April 2023 06:53:01 UTC.
