Parkmead, the independent energy group, today announced 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.

The LDS-01 well was the first of the two-well campaign on the Drenthe VI concession targeting several onshore gas prospects. This first well was drilled to a depth of 2225m TVDSS, successfully encountering gas at multiple intervals.

The Drilltec Synergy 2 rig has subsequently spudded the LDS-02 well.

KeyFacts Energy: Parkmead Group Netherlands country profile